Eni SpA (NYSE:E) Receives Average Recommendation of "Hold" from Analysts

Eni SpA (NYSE:E - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.60.

A number of brokerages have recently weighed in on E. Kepler Capital Markets lowered ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Wall Street Zen cut ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Friday, April 25th. Finally, Redburn Atlantic lowered ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd.

Institutional Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently modified their holdings of E. Golden State Wealth Management LLC grew its position in ENI by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 601 shares during the last quarter. Brooklyn Investment Group purchased a new stake in ENI in the 1st quarter valued at about $54,000. Allworth Financial LP boosted its position in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after buying an additional 581 shares during the period. SVB Wealth LLC bought a new position in ENI in the 1st quarter worth about $78,000. Finally, GAMMA Investing LLC raised its stake in shares of ENI by 76.8% during the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock valued at $104,000 after acquiring an additional 1,467 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Performance

Shares of NYSE:E traded up $0.30 during mid-day trading on Wednesday, reaching $32.97. The company had a trading volume of 283,790 shares, compared to its average volume of 306,618. ENI has a one year low of $24.65 and a one year high of $33.12. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The company's 50-day moving average price is $29.54 and its 200-day moving average price is $28.91. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of 19.74 and a beta of 0.89.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. ENI had a net margin of 2.85% and a return on equity of 9.16%. The company had revenue of $25.61 billion during the quarter, compared to analysts' expectations of $25.52 billion. As a group, equities research analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently announced a -- dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.5391 per share. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 5.5%. This is an increase from ENI's previous -- dividend of $0.35. ENI's payout ratio is currently 94.01%.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.