Eni SpA (E) Given “Buy” Rating at Citigroup Inc.
Eni SpA (NYSE:E)‘s stock had its “buy” rating reissued by Citigroup Inc. in a note issued to investors on Monday.
A number of other brokerages have also issued reports on E. Zacks Investment Research lowered Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Deutsche Bank AG upgraded Eni SpA from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Eni SpA has a consensus rating of “Hold” and a consensus target price of $25.99.
Eni SpA (NYSE:E) opened at 29.41 on Monday. The company’s market capitalization is $54.65 billion. Eni SpA has a 12-month low of $24.73 and a 12-month high of $35.56. The stock has a 50 day moving average of $29.43 and a 200-day moving average of $30.52.
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The business also recently declared a dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th were issued a dividend of $0.648 per share. The ex-dividend date of this dividend was Friday, September 16th. This is a positive change from Eni SpA’s previous dividend of $0.64. Eni SpA’s payout ratio is currently -19.75%.
Several hedge funds have recently modified their holdings of E. MSI Financial Services Inc increased its stake in shares of Eni SpA by 92.3% in the third quarter. MSI Financial Services Inc now owns 3,662 shares of the oil and gas exploration company’s stock worth $106,000 after buying an additional 1,758 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Eni SpA by 10.3% in the second quarter. JFS Wealth Advisors LLC now owns 4,598 shares of the oil and gas exploration company’s stock worth $149,000 after buying an additional 428 shares during the last quarter. US Bancorp DE increased its stake in shares of Eni SpA by 1.0% in the second quarter. US Bancorp DE now owns 7,196 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 73 shares during the last quarter. Connable Office Inc. acquired a new stake in shares of Eni SpA during the second quarter worth about $238,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Eni SpA during the second quarter worth about $245,000. 1.75% of the stock is owned by hedge funds and other institutional investors.
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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