ENI (NYSE:E) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Eni SpA (NYSE:E) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.47 and traded as high as $49.19. ENI shares last traded at $48.83, with a volume of 331,325 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on E shares. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Royal Bank Of Canada boosted their target price on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

ENI Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a 50 day moving average of $53.51 and a 200 day moving average of $47.53. The stock has a market capitalization of $78.74 billion, a P/E ratio of 26.81, a P/E/G ratio of 0.21 and a beta of 0.38.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $23.22 billion for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. Equities analysts predict that Eni SpA will post 6.07 EPS for the current year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were given a $0.6313 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $2.53 annualized dividend and a yield of 5.4%. This is a boost from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is 99.43%.

Institutional Investors Weigh In On ENI

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of ENI by 36.5% in the first quarter. Parallel Advisors LLC now owns 9,483 shares of the oil and gas exploration company’s stock valued at $537,000 after purchasing an additional 2,535 shares during the period. Optiver Holding B.V. acquired a new position in shares of ENI during the first quarter worth approximately $6,586,000. Glenmede Trust Co. NA grew its holdings in ENI by 5.5% in the 1st quarter. Glenmede Trust Co. NA now owns 13,493 shares of the oil and gas exploration company’s stock worth $764,000 after buying an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $419,000 after buying an additional 210 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock valued at $25,698,000 after acquiring an additional 52,901 shares during the period. Institutional investors and hedge funds 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.