Eni SpA (NYSE:E) Plans Dividend Increase – $0.63 Per Share

Eni SpA (NYSE:E) declared a quarterly dividend on Thursday, April 2nd. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.6313 per share by the oil and gas exploration company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, May 19th. This is a 2.9% increase from ENI’s previous quarterly dividend of $0.61.

ENI has raised its dividend payment by an average of 0.1%per year over the last three years. ENI has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 32.2%.

ENI Price Performance

E opened at $55.45 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. ENI has a 52-week low of $28.78 and a 52-week high of $58.00. The stock has a market capitalization of $93.60 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41. The stock’s 50 day moving average price is $53.97 and its 200-day moving average price is $44.45.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. On average, equities research analysts predict that ENI will post 6.08 EPS for the current year.

Institutional Investors Weigh In On ENI

Several hedge funds have recently added to or reduced their stakes in E. Royal Bank of Canada boosted 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 worth $2,141,000 after acquiring an additional 1,420 shares in the last quarter. AQR Capital Management LLC boosted its holdings in ENI by 3.4% in the first 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 in the last quarter. Cetera Investment Advisers boosted its holdings in ENI by 8.4% in the second 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in ENI by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after acquiring an additional 17,133 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in ENI by 60.7% in the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after acquiring an additional 5,831 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

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.