ENI (NYSE:E) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities analysts have also recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Monday, October 13th. Hsbc Global Res cut ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised ENI to a “strong-buy” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed 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. One analyst has rated the stock with a Strong Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.60.

ENI Stock Down 0.8%

Shares of NYSE:E opened at $36.61 on Friday. ENI has a 52-week low of $24.65 and a 52-week high of $37.25. The firm has a market capitalization of $61.80 billion, a P/E ratio of 20.01 and a beta of 0.90. The stock has a 50 day moving average price of $35.35 and a 200-day moving average price of $33.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18.

ENI (NYSE:E) last posted its quarterly earnings data on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. ENI had a return on equity of 8.58% and a net margin of 3.20%.The company had revenue of $23.46 billion during the quarter, compared to analyst estimates of $19.88 billion. As a group, equities research analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.

ENI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be paid a $0.5814 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a yield of 6.4%. ENI’s dividend payout ratio (DPR) is currently 87.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewSquare Capital LLC lifted its stake in ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 588 shares in the last quarter. MAI Capital Management lifted its stake in ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in ENI by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after purchasing an additional 750 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of ENI by 84.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock valued at $53,000 after buying an additional 696 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of ENI during the 1st quarter valued at approximately $54,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

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.