ENI (NYSE:E) Shares Pass Above 200-Day Moving Average – Time to Sell?

Eni SpA (NYSE:E) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.62 and traded as high as $54.81. ENI shares last traded at $54.1990, with a volume of 221,798 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on E. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Royal Bank Of Canada upped their price objective on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Finally, Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $54.74 and a two-hundred day moving average price of $46.62. The firm has a market capitalization of $91.49 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 0.23 and a beta of 0.38.

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

ENI Increases Dividend

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

Hedge Funds Weigh In On ENI

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