ENI (NYSE:E) Downgraded to Hold at StockNews.com

StockNews.com cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a report published on Monday morning.

Separately, Berenberg Bank cut shares of ENI from a buy rating to a hold rating in a research note on Wednesday, March 20th.

ENI Price Performance

NYSE:E opened at $32.80 on Monday. ENI has a 1-year low of $26.50 and a 1-year high of $34.30. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $31.80 and a 200 day simple moving average of $32.25. The stock has a market capitalization of $55.37 billion, a PE ratio of 10.86, a P/E/G ratio of 1.11 and a beta of 1.01.

ENI (NYSE:E) last released its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.16). ENI had a net margin of 5.00% and a return on equity of 14.91%. The firm had revenue of $26.95 billion during the quarter, compared to the consensus estimate of $19.86 billion. On average, research analysts expect that ENI will post 4.68 EPS for the current fiscal year.

ENI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. This represents a $1.40 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s dividend payout ratio is 48.01%.

Institutional Investors Weigh In On ENI

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in ENI by 5.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock valued at $310,000 after purchasing an additional 439 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 466 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in shares of ENI by 1.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 35,020 shares of the oil and gas exploration company’s stock worth $1,191,000 after buying an additional 542 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of ENI by 4.4% during the third quarter. Inspire Advisors LLC now owns 13,142 shares of the oil and gas exploration company’s stock worth $420,000 after buying an additional 554 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of ENI by 102.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after buying an additional 669 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.