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

Eni SpA (NYSE:EGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.15.

A number of equities analysts recently issued reports on E shares. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings cut ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th.

View Our Latest Report on E

Institutional Trading of ENI

Several institutional investors and hedge funds have recently bought and sold shares of E. Integrated Wealth Concepts LLC boosted its holdings in shares of ENI by 83.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,321 shares of the oil and gas exploration company’s stock valued at $390,000 after acquiring an additional 3,797 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of ENI by 23,909.6% in the second quarter. NewEdge Advisors LLC now owns 12,485 shares of the oil and gas exploration company’s stock worth $585,000 after acquiring an additional 12,433 shares during the period. IFP Advisors Inc raised its holdings in shares of ENI by 111.2% during the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 347 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of ENI by 18.8% during the second quarter. HB Wealth Management LLC now owns 6,193 shares of the oil and gas exploration company’s stock worth $290,000 after purchasing an additional 982 shares during the last quarter. Finally, Oakmont Investment Advisors Inc. acquired a new position in ENI during the second quarter valued at $394,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Up 0.4%

NYSE:E opened at $56.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. ENI has a twelve month low of $34.03 and a twelve month high of $58.00. The company has a market cap of $95.03 billion, a PE ratio of 14.40, a P/E/G ratio of 0.24 and a beta of 0.38. The company’s 50 day moving average is $52.81 and its two-hundred day moving average is $52.53.

ENI (NYSE:EGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $27.93 billion. Analysts anticipate that ENI will post 6.03 EPS for the current year.

ENI Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 22nd will be issued a $0.6276 dividend. This represents a $2.51 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 22nd. ENI’s dividend payout ratio is 44.25%.

About ENI

(Get Free Report)

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.

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Analyst Recommendations for ENI (NYSE:E)

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