ENI (NYSE:E) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Eni SpA (NYSE:E) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.47 and traded as high as $49.19. ENI shares last traded at $48.83, with a volume of 331,325 shares.

Wall Street Analyst Weigh In

E has been the subject of a number of recent research reports. Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Monday, April 20th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a research report on Friday, April 17th. Royal Bank Of Canada upped their price objective on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Finally, Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Stock Down 1.2%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The firm has a market capitalization of $82.42 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 0.21 and a beta of 0.38. The firm has a fifty day moving average price of $53.69 and a 200 day moving average price of $47.47.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. The firm 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, sell-side analysts expect that Eni SpA will post 6.07 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.6313 per share. This represents a $2.53 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, May 19th. This is an increase from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is presently 99.43%.

Hedge Funds Weigh In On ENI

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in ENI by 2.1% in the first 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 buying an additional 1,420 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 acquiring an additional 495 shares during the period. Cetera Investment Advisers grew its holdings in shares of 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 acquiring an additional 870 shares during the period. JPMorgan Chase & Co. increased its stake 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 valued at $1,470,000 after purchasing an additional 17,133 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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 valued at $500,000 after purchasing an additional 5,831 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

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.