Eni SpA (NYSE:E) Given Average Rating of “Hold” by Analysts

Shares of Eni SpA (NYSE:E) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.60.

A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $34.60 price target on ENI in a report on Wednesday, September 3rd.

ENI Stock Up 0.8%

Shares of NYSE:E opened at $37.11 on Tuesday. ENI has a 1 year low of $24.65 and a 1 year high of $37.23. The business has a 50 day simple moving average of $35.20 and a two-hundred day simple moving average of $32.67. The firm has a market capitalization of $62.65 billion, a PE ratio of 20.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02.

ENI (NYSE:E) last announced its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. ENI had a return on equity of 8.58% and a net margin of 3.20%.The business had revenue of $23.46 billion during the quarter, compared to analyst estimates of $19.88 billion. On average, equities analysts predict that ENI will post 3.74 EPS for the current year.

ENI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be issued a $0.5814 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.3%. ENI’s payout ratio is presently 92.35%.

Institutional Trading of ENI

A number of hedge funds have recently bought and sold shares of E. Jump Financial LLC purchased a new stake in ENI during the first quarter worth $222,000. American Century Companies Inc. lifted its holdings in 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. Charles Schwab Investment Management Inc. lifted its holdings in ENI by 69.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 89,941 shares of the oil and gas exploration company’s stock worth $2,782,000 after buying an additional 36,933 shares during the period. Raymond James Financial Inc. lifted its holdings in 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, GAMMA Investing LLC lifted its holdings in ENI by 76.8% during the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock worth $104,000 after buying an additional 1,467 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.