Eni SpA (NYSE:E) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Twelve brokers give ENI an average rating of Moderate Buy (5 hold, 4 buy, 3 strong buy), with an average 1‑year price target of $31.30.
• ENI raised its quarterly dividend to $0.6137 (annualized $2.45), implying a ~4.4% yield and a high payout ratio of 97.65%.
• Shares opened at $56.01; the company has a market cap of $94.54B, a P/E of 32.95, PEG of 0.27, and a 12‑month range of $26.55–$58.00.

Shares of Eni SpA (NYSE:E - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.30.

Several equities research analysts have weighed in on E shares. Erste Group Bank raised shares of ENI to a "strong-buy" rating in a research report on Wednesday, February 18th. Zacks Research raised shares of ENI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 31st. Wall Street Zen cut shares of ENI from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Royal Bank Of Canada raised their target price on shares of ENI from $24.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 9th. Finally, Rothschild & Co Redburn raised shares of ENI from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 9th.

Institutional Investors Weigh In On ENI

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of ENI by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company's stock worth $2,424,000 after purchasing an additional 24,006 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of ENI in the 3rd quarter worth about $2,016,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of ENI in the 4th quarter worth about $923,000. Trek Financial LLC purchased a new stake in shares of ENI in the 3rd quarter worth about $4,128,000. Finally, American Century Companies Inc. lifted its position in shares of ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company's stock worth $22,259,000 after purchasing an additional 158,699 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Trading Down 0.7%

Shares of E opened at $56.01 on Tuesday. The stock has a market capitalization of $94.54 billion, a P/E ratio of 32.95, a PEG ratio of 0.27 and a beta of 0.44. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $49.31 and a two-hundred day simple moving average of $41.51. ENI has a twelve month low of $26.55 and a twelve month high of $58.00.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. The business had revenue of $24.64 billion during the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. On average, research analysts anticipate that ENI will post 3.74 EPS for the current year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th were given a $0.6137 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.45 annualized dividend and a dividend yield of 4.4%. This is a positive change from ENI's previous quarterly dividend of $0.58. ENI's dividend payout ratio is 97.65%.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm's activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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