Analysts Set Eni SpA (NYSE:E) Price Target at $42.30

Eni SpA (NYSE:E) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $42.30.

E has been the subject of several research reports. Royal Bank Of Canada lifted their target price on ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Monday, April 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. Royal Bank of Canada boosted its position in ENI by 2.1% during the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares during the period. AQR Capital Management LLC boosted its position in ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares during the period. Cetera Investment Advisers boosted its position in ENI by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after purchasing an additional 870 shares during the period. JPMorgan Chase & Co. boosted its position in ENI by 60.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after purchasing an additional 17,133 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in ENI by 60.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock valued at $500,000 after purchasing an additional 5,831 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

Shares of E opened at $53.76 on Wednesday. The firm has a market cap of $90.74 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 0.23 and a beta of 0.38. The stock has a 50 day moving average of $54.80 and a 200-day moving average of $46.28. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. ENI has a 52 week low of $30.30 and a 52 week high of $58.00.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The company had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. As a group, analysts forecast that ENI will post 6.08 EPS for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were given a dividend of $0.6313 per share. The ex-dividend date was Tuesday, May 19th. This represents a $2.53 dividend on an annualized basis and a yield of 4.7%. This is an increase from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is presently 99.43%.

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.