ENI (NYSE:E) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of ENI (NYSE:E) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other analysts have also recently commented on the stock. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Trading Down 1.4%

NYSE E opened at $53.61 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. The firm’s fifty day moving average price is $54.80 and its 200 day moving average price is $45.40. The company has a market capitalization of $90.49 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41. ENI has a 12 month low of $29.20 and a 12 month high of $58.00.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The firm had revenue of $23.22 billion for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, sell-side analysts expect that ENI will post 6.08 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a $0.6313 dividend. This represents a $2.53 annualized dividend and a dividend yield of 4.7%. This is a positive change from ENI’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, May 19th. ENI’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On ENI

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in ENI by 52.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock valued at $2,424,000 after acquiring an additional 24,006 shares in the last quarter. New York State Common Retirement Fund purchased a new position in ENI during the 3rd quarter valued at about $2,016,000. Redhawk Wealth Advisors Inc. purchased a new position in ENI during the 4th quarter valued at about $923,000. Capital Wealth Planning LLC purchased a new position in ENI during the 3rd quarter valued at about $5,106,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in ENI by 408.4% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company’s stock valued at $1,011,000 after acquiring an additional 21,400 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

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.