Eni SpA (NYSE:E) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Eni SpA (NYSE:E) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.30.

A number of brokerages recently weighed in on E. Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada boosted their price objective on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Finally, BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research report on Friday, April 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. DV Equities LLC bought a new position in ENI in the 4th quarter worth about $35,000. Manchester Capital Management LLC grew its position in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new position in ENI in the 3rd quarter worth about $47,000. CIBC Private Wealth Group LLC bought a new position in ENI in the 3rd quarter worth about $48,000. Finally, Global Retirement Partners LLC grew its position in 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 worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of NYSE:E opened at $53.34 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. ENI has a fifty-two week low of $28.78 and a fifty-two week high of $58.00. The firm has a 50-day simple moving average of $52.90 and a 200 day simple moving average of $43.69. The company has a market cap of $90.04 billion, a PE ratio of 30.66, a P/E/G ratio of 0.22 and a beta of 0.41.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, sell-side analysts anticipate that ENI will post 6.14 EPS for the current year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be given a $0.6313 dividend. This is a positive change from ENI’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, May 19th. This represents a $2.53 annualized dividend and a yield of 4.7%. ENI’s payout ratio is currently 95.40%.

ENI Company Profile

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.