Eni S.p.A. (NYSE:E) Declares $0.35 Quarterly Dividend

Eni S.p.A. (NYSE:E - Get Free Report) declared a quarterly dividend on Monday, April 15th, Zacks reports. Shareholders of record on Tuesday, May 21st will be given a dividend of 0.349 per share by the oil and gas exploration company on Friday, June 7th. This represents a $1.40 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Monday, May 20th.

ENI Price Performance

NYSE:E traded up $0.04 during trading hours on Wednesday, reaching $32.48. 210,261 shares of the company were exchanged, compared to its average volume of 261,924. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average is $31.68 and its 200-day moving average is $32.20. The firm has a market cap of $54.83 billion, a PE ratio of 10.73 and a beta of 1.01. ENI has a twelve month low of $26.50 and a twelve month high of $34.30.

ENI (NYSE:E - Get Free Report) last released its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.16). ENI had a return on equity of 14.91% and a net margin of 5.00%. The business had revenue of $26.95 billion for the quarter, compared to analysts' expectations of $19.86 billion. On average, sell-side analysts anticipate that ENI will post 4.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on E shares. StockNews.com upgraded shares of ENI from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Berenberg Bank cut shares of ENI from a "buy" rating to a "hold" rating in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in E. Citigroup Inc. lifted its stake in ENI by 3.7% in the second quarter. Citigroup Inc. now owns 9,403 shares of the oil and gas exploration company's stock worth $271,000 after acquiring an additional 333 shares during the last quarter. Sei Investments Co. lifted its stake in ENI by 0.7% in the third quarter. Sei Investments Co. now owns 52,571 shares of the oil and gas exploration company's stock worth $1,678,000 after acquiring an additional 368 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in ENI by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 103,905 shares of the oil and gas exploration company's stock worth $3,325,000 after acquiring an additional 461 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in ENI by 28.4% in the first quarter. Belpointe Asset Management LLC now owns 2,442 shares of the oil and gas exploration company's stock worth $68,000 after acquiring an additional 540 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in ENI by 0.9% in the second quarter. Orion Portfolio Solutions LLC now owns 62,556 shares of the oil and gas exploration company's stock worth $1,801,000 after acquiring an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.