ENI (NYSE:E) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research note released on Tuesday.

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 $32.02 on Tuesday. The business has a 50 day simple moving average of $32.03 and a 200 day simple moving average of $32.28. ENI has a 52-week low of $26.50 and a 52-week high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a market cap of $54.04 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.11 and a beta of 1.01.

ENI (NYSE:E) last posted its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). ENI had a return on equity of 12.57% and a net margin of 3.95%. The business had revenue of $25.16 billion for the quarter, compared to the consensus estimate of $18.83 billion. Analysts anticipate that ENI will post 4.67 earnings per share for the current fiscal year.

ENI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be issued a $0.349 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s payout ratio is presently 59.91%.

Institutional Investors Weigh In On ENI

Several large investors have recently made changes to their positions in the stock. Natixis Advisors L.P. lifted its holdings in ENI by 20.1% during the 4th quarter. Natixis Advisors L.P. now owns 2,257,556 shares of the oil and gas exploration company’s stock valued at $76,779,000 after purchasing an additional 377,642 shares during the last quarter. Optiver Holding B.V. lifted its holdings in ENI by 365.8% during the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after purchasing an additional 263,362 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ENI by 590.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 212,553 shares of the oil and gas exploration company’s stock valued at $6,785,000 after purchasing an additional 181,770 shares during the last quarter. Private Advisory Group LLC acquired a new stake in ENI during the 3rd quarter valued at $4,633,000. Finally, Qube Research & Technologies Ltd lifted its holdings in ENI by 94.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock valued at $5,177,000 after purchasing an additional 78,957 shares during 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. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.