Eni SpA (NYSE:E) Receives Average Recommendation of “Hold” from Analysts

Eni SpA (NYSE:E) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.60.

Several equities research analysts have recently weighed in on E shares. Redburn Atlantic lowered ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup restated a “neutral” rating on shares of ENI in a research report on Friday, April 25th. Finally, Kepler Capital Markets downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

ENI Price Performance

Shares of E opened at $32.59 on Wednesday. The firm has a market capitalization of $55.00 billion, a price-to-earnings ratio of 19.51 and a beta of 0.89. The firm’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $28.85. ENI has a twelve month low of $24.65 and a twelve month high of $33.12. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35.

ENI (NYSE:E) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The company had revenue of $25.61 billion for the quarter, compared to analysts’ expectations of $25.52 billion. ENI had a return on equity of 9.16% and a net margin of 2.85%. Equities analysts forecast that ENI will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were paid a $0.5391 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a yield of 5.5%. This is a boost from ENI’s previous — dividend of $0.35. ENI’s payout ratio is currently 94.01%.

Institutional Trading of ENI

Large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of ENI by 13.1% during the fourth quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company’s stock worth $916,000 after purchasing an additional 3,877 shares during the period. Millennium Management LLC lifted its stake in shares of ENI by 215.8% in the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock worth $8,952,000 after acquiring an additional 223,597 shares during the period. Optiver Holding B.V. boosted its holdings in shares of ENI by 1,885.2% in the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock valued at $7,470,000 after acquiring an additional 259,288 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ENI by 5,369.9% during the first quarter. GAMMA Investing LLC now owns 104,420 shares of the oil and gas exploration company’s stock worth $3,376,000 after acquiring an additional 102,511 shares during the period. Finally, Brandes Investment Partners LP raised its holdings in ENI by 13.1% during the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock worth $16,601,000 after purchasing an additional 70,507 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.