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

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

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

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently made changes to their positions in E. Natixis Advisors LLC increased its holdings in shares of ENI by 21.9% in the 1st quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock worth $85,957,000 after acquiring an additional 500,039 shares during the period. Northern Trust Corp increased its stake in shares of ENI by 9.1% in the first quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock valued at $24,780,000 after purchasing an additional 66,784 shares during the period. Brandes Investment Partners LP raised its holdings in shares of 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 valued at $16,601,000 after buying an additional 70,507 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of ENI by 2.1% during the first quarter. Raymond James Financial Inc. now owns 531,030 shares of the oil and gas exploration company’s stock worth $16,425,000 after buying an additional 10,803 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of ENI by 9.8% during the first quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company’s stock worth $13,194,000 after buying an additional 37,988 shares during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Performance

Shares of E opened at $32.98 on Wednesday. ENI has a 52-week low of $24.65 and a 52-week high of $33.12. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 19.75 and a beta of 0.89. The business’s 50 day moving average is $29.67 and its two-hundred day moving average is $28.95.

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

ENI Increases Dividend

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

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.