Eni SpA (NYSE:E) Given Average Recommendation of “Moderate Buy” by Brokerages

Eni SpA (NYSE:E) has earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.30.

A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a research report on Friday, April 17th. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th.

ENI Stock Performance

ENI stock opened at $46.02 on Friday. ENI has a 12-month low of $32.07 and a 12-month high of $58.00. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $53.17 and its two-hundred day moving average price is $47.59. The stock has a market cap of $77.68 billion, a PE ratio of 26.45, a P/E/G ratio of 0.24 and a beta of 0.38.

ENI (NYSE:E) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The firm had revenue of $23.22 billion for the quarter. As a group, analysts expect that ENI will post 5.65 earnings per share for the current fiscal year.

ENI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.6313 per share. This represents a $2.53 annualized dividend and a dividend yield of 5.5%. This is an increase from ENI’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, May 19th. ENI’s dividend payout ratio (DPR) is presently 99.43%.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of ENI by 36.5% during the first quarter. Parallel Advisors LLC now owns 9,483 shares of the oil and gas exploration company’s stock worth $537,000 after purchasing an additional 2,535 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of ENI during the first quarter worth about $6,586,000. Glenmede Trust Co. NA grew its holdings in shares of ENI by 5.5% during the first quarter. Glenmede Trust Co. NA now owns 13,493 shares of the oil and gas exploration company’s stock worth $764,000 after purchasing an additional 707 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ENI by 2.9% during the first quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock worth $419,000 after purchasing an additional 210 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of ENI by 13.2% during the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after purchasing an additional 52,901 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Company Profile

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.