ENI (NYSE:E) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

ENI (NYSE:E) announced its quarterly earnings results on Wednesday. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.18), reports. ENI had a return on equity of 12.54% and a net margin of 3.95%. The business had revenue of $25.16 billion during the quarter, compared to the consensus estimate of $18.83 billion.

ENI Stock Down 0.4 %

NYSE E opened at $32.66 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $31.90 and a two-hundred day moving average of $32.27. The firm has a market capitalization of $55.13 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.11 and a beta of 1.01. ENI has a 52 week low of $26.50 and a 52 week high of $34.30.

ENI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.349 per share. This represents a $1.40 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

E has been the topic of several research reports. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday. Berenberg Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in shares of ENI by 6.4% during the first quarter. Checchi Capital Advisers LLC now owns 13,059 shares of the oil and gas exploration company’s stock valued at $414,000 after purchasing an additional 784 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of ENI during the first quarter valued at $486,000. Raymond James & Associates boosted its stake in shares of ENI by 0.4% during the first quarter. Raymond James & Associates now owns 495,300 shares of the oil and gas exploration company’s stock valued at $15,711,000 after purchasing an additional 1,830 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of ENI by 2.9% during the first quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company’s stock valued at $1,143,000 after purchasing an additional 1,025 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of ENI during the first quarter valued at $437,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.