ENI (NYSE:E) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• ENI shares rose above their 200-day moving average, reaching $54.24 before trading at $53.53, signaling improved technical momentum.
• Analyst sentiment is mixed but leans positive: ENI has a consensus rating of “Moderate Buy”, though its average price target of $46.15 is below the current share price.
• ENI reported quarterly EPS of $1.76, beating estimates, while maintaining a dividend yield of about 4.7% with an annualized payout of $2.51 per share.

Eni SpA (NYSE:E - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.28 and traded as high as $54.24. ENI shares last traded at $53.53, with a volume of 378,298 shares traded.

Analyst Ratings Changes

E has been the subject of several recent analyst reports. Wall Street Zen upgraded ENI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research raised shares of ENI from a "strong sell" rating to a "hold" rating in a research note on Monday, August 10th. Erste Group Bank cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Finally, Weiss Ratings lowered shares of ENI from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, ENI presently has a consensus rating of "Moderate Buy" and an average price target of $46.15.

ENI Stock Down 0.1%

The company has a market capitalization of $90.36 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.24 and a beta of 0.38. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average is $52.25 and its 200 day moving average is $52.28.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The firm had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. Research analysts predict that Eni SpA will post 5.83 EPS for the current fiscal year.

ENI Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $0.6276 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $2.51 dividend on an annualized basis and a dividend yield of 4.7%. ENI's payout ratio is presently 44.25%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Natixis Advisors LLC boosted its stake in ENI by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company's stock valued at $124,411,000 after purchasing an additional 165,454 shares during the last quarter. Morgan Stanley increased its holdings in ENI by 0.6% in the 4th quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company's stock valued at $114,562,000 after acquiring an additional 16,671 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ENI by 2.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company's stock worth $51,367,000 after purchasing an additional 38,688 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of ENI during the 1st quarter valued at about $63,334,000. Finally, Raymond James Financial Inc. grew its position in shares of ENI by 6.3% during the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company's stock valued at $18,909,000 after purchasing an additional 32,107 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

About ENI

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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