Eni SpA’s (E) Buy Rating Reaffirmed at Citigroup Inc.
Eni SpA (NYSE:E)‘s stock had its “buy” rating reissued by investment analysts at Citigroup Inc. in a report released on Monday.
A number of other equities analysts have also recently weighed in on the stock. Deutsche Bank AG raised shares of Eni SpA from a “hold” rating to a “buy” rating in a research report on Wednesday, October 5th. Zacks Investment Research raised shares of Eni SpA from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.99.
Eni SpA (NYSE:E) opened at 29.41 on Monday. The firm’s market capitalization is $54.65 billion. The firm’s 50-day moving average is $29.43 and its 200 day moving average is $30.52. Eni SpA has a 52-week low of $24.73 and a 52-week high of $35.56.
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The company also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.648 per share. The ex-dividend date 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 and other institutional investors have recently added to or reduced their stakes in E. Bessemer Group Inc. increased its stake in shares of 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 during the last quarter. Mondrian Investment Partners LTD increased its stake in shares of 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 during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Eni SpA during the second quarter valued at approximately $26,770,000. Wedge Capital Management L L P NC increased its stake in shares of 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 during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of 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 during the last quarter. Institutional investors own 1.75% 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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