ENI (NYSE:E) Hits New 52-Week High – Still a Buy?

Shares of Eni SpA (NYSE:E) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $56.10 and last traded at $56.3150, with a volume of 17008 shares. The stock had previously closed at $55.22.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on E shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Barclays reiterated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Price Performance

The stock’s 50-day moving average is $45.71 and its two-hundred day moving average is $39.86. The company has a market capitalization of $95.27 billion, a PE ratio of 33.21 and a beta of 0.57. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last issued its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%.The firm had revenue of $24.64 billion for the quarter. On average, equities analysts predict that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be paid a $0.6137 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 4.3%. This is a boost from ENI’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Tuesday, March 24th. ENI’s payout ratio is currently 99.41%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its position in shares of ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares during the period. Capital Wealth Planning LLC raised its stake in ENI by 109.7% in the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after buying an additional 160,324 shares in the last quarter. American Century Companies Inc. raised its stake in ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares in the last quarter. Trek Financial LLC bought a new stake in ENI during the 3rd quarter valued at $4,128,000. Finally, Arosa Capital Management LP bought a new stake in ENI during the 4th quarter valued at $4,173,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

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.