Eni SpA (E) Receives “Buy” Rating from Citigroup Inc.
Eni SpA (NYSE:E)‘s stock had its “buy” rating reissued by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday.
A number of other equities analysts have also recently issued reports on E. Zacks Investment Research cut Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, July 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. Finally, Deutsche Bank AG raised Eni SpA from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.99.
Shares of Eni SpA (NYSE:E) traded down 0.07% on Friday, reaching $29.63. The company’s stock had a trading volume of 126,196 shares. The stock’s market capitalization is $55.06 billion. The stock has a 50-day moving average of $29.62 and a 200 day moving average of $30.55. Eni SpA has a 52 week low of $24.73 and a 52 week high of $36.02.
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The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th will be given a $0.648 dividend. This is a positive change from Eni SpA’s previous dividend of $0.64. The ex-dividend date is Friday, September 16th. Eni SpA’s dividend payout ratio (DPR) is presently -19.75%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in Eni SpA by 1.3% in the second quarter. Bessemer Group Inc. now owns 2,698,645 shares of the oil and gas exploration company’s stock valued at $87,301,000 after buying an additional 34,007 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Eni SpA by 67.5% in the second quarter. Mondrian Investment Partners LTD now owns 868,752 shares of the oil and gas exploration company’s stock valued at $28,104,000 after buying an additional 350,000 shares in the last quarter. Mackenzie Financial Corp bought a new position in Eni SpA during the second quarter valued at about $26,770,000. Wedge Capital Management L L P NC raised its position in Eni SpA by 6.1% in the second quarter. Wedge Capital Management L L P NC now owns 535,376 shares of the oil and gas exploration company’s stock valued at $17,319,000 after buying an additional 30,881 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Eni SpA by 15.4% in the second quarter. Royal Bank of Canada now owns 520,801 shares of the oil and gas exploration company’s stock valued at $16,847,000 after buying an additional 69,503 shares in the last quarter. Hedge funds and other institutional investors own 1.74% of the company’s stock.
About Eni SpA
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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