Eni S.p.A. (NYSE:E) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Eni S.p.A. (NYSE:E) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of research analysts have commented on the company. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley started coverage on shares of ENI in a research report on Wednesday, July 3rd. They set an “equal weight” rating on the stock. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Finally, StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th.

Institutional Trading of ENI

Several hedge funds have recently added to or reduced their stakes in E. JFS Wealth Advisors LLC boosted its position in shares of ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 669 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in ENI in the 1st quarter valued at $74,000. GAMMA Investing LLC grew its position in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the last quarter. Barometer Capital Management Inc. bought a new position in shares of ENI during the 4th quarter worth about $119,000. Finally, Toronto Dominion Bank acquired a new position in shares of ENI during the first quarter valued at about $172,000. Institutional investors own 1.18% of the company’s stock.

ENI Trading Down 1.4 %

Shares of NYSE E opened at $30.97 on Friday. The business has a fifty day simple moving average of $30.72 and a 200-day simple moving average of $31.45. The company has a market cap of $52.28 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.26 and a beta of 0.96. ENI has a 12 month low of $28.82 and a 12 month high of $34.30. The company has a quick ratio of 1.07, a current ratio of 1.28 and a debt-to-equity ratio of 0.42.

ENI (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The firm had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Sell-side analysts predict that ENI will post 4.16 EPS for the current year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.372 per share. This is a positive change from ENI’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.49 dividend on an annualized basis and a yield of 4.80%. ENI’s payout ratio is currently 63.79%.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.