ENI (NYSE:E) Announces Earnings Results

ENI (NYSE:E) issued its quarterly earnings results on Friday. The oil and gas exploration company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.56), Zacks reports. ENI had a net margin of 3.07% and a return on equity of 9.27%.

ENI Price Performance

Shares of E stock traded down $0.96 during mid-day trading on Friday, reaching $53.69. The company’s stock had a trading volume of 151,091 shares, compared to its average volume of 495,930. ENI has a 1-year low of $28.34 and a 1-year high of $58.00. The company has a market cap of $90.62 billion, a P/E ratio of 31.55, a PEG ratio of 0.26 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19. The firm’s 50-day moving average is $51.16 and its two-hundred day moving average is $42.46.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th were paid a $0.6137 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from ENI’s previous quarterly dividend of $0.58. ENI’s dividend payout ratio is currently 97.65%.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently made changes to their positions in E. DV Equities LLC acquired a new position in shares of ENI in the 4th quarter valued at $35,000. Advisory Services Network LLC acquired a new position in shares of ENI in the 3rd quarter valued at $47,000. CIBC Private Wealth Group LLC acquired a new position in shares of ENI in the 3rd quarter valued at $48,000. Larson Financial Group LLC raised its stake in shares of ENI by 37.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of ENI by 320.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a report on Friday, April 17th. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Thursday, January 8th. Finally, Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

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.