Eni S.p.A. (NYSE:E) Receives Consensus Rating of “Hold” from Brokerages

Eni S.p.A. (NYSE:E) has received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $31.60.

E has been the topic of several recent analyst reports. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Citigroup restated a “neutral” rating on shares of ENI in a report on Friday. Morgan Stanley restated an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Redburn Atlantic lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Finally, StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

ENI Price Performance

Shares of NYSE:E opened at $29.05 on Tuesday. The firm has a market cap of $49.04 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. The firm’s fifty day moving average is $29.00 and its 200-day moving average is $28.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 52 week low of $24.65 and a 52 week high of $33.12.

ENI (NYSE:E) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The company had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. Sell-side analysts predict that ENI will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.5391 per share. The ex-dividend date is Tuesday, May 20th. This represents a dividend yield of 5.5%. This is a positive change from ENI’s previous — dividend of $0.35. ENI’s dividend payout ratio is currently 87.72%.

Institutional Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its position in shares of ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after acquiring an additional 484 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of ENI by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after acquiring an additional 488 shares in the last quarter. Signaturefd LLC increased its position in shares of ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after acquiring an additional 532 shares in the last quarter. Allworth Financial LP increased its position in shares of ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after acquiring an additional 581 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 601 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

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.