Eni SpA (NYSE:E) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Eni SpA (NYSE:E) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $42.30.

E has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a research report on Friday, April 17th. Finally, Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its position in ENI by 1.7% in the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock valued at $680,000 after buying an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in ENI by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after buying an additional 210 shares in the last quarter. Checchi Capital Advisers LLC grew its position in ENI by 2.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after buying an additional 213 shares in the last quarter. Gallacher Capital Management LLC grew its position in ENI by 1.2% in the 1st quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock valued at $1,209,000 after buying an additional 254 shares in the last quarter. Finally, MGO One Seven LLC grew its position in ENI by 2.3% in the 4th quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock valued at $451,000 after buying an additional 263 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.8%

E stock opened at $54.00 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. ENI has a 1-year low of $29.97 and a 1-year high of $58.00. The firm has a fifty day moving average price of $54.75 and a two-hundred day moving average price of $45.83. The firm has a market cap of $91.16 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 0.23 and a beta of 0.38.

ENI (NYSE:E) last released its earnings results 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%. The firm had revenue of $23.22 billion during the quarter. Research analysts predict that ENI will post 6.08 EPS for the current year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be given a $0.6313 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $2.53 dividend on an annualized basis and a yield of 4.7%. This is a boost from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is currently 100.57%.

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.