ENI (NYSE:E) Posts Earnings Results, Misses Expectations By $0.56 EPS

ENI (NYSE:E) announced its earnings results on Friday. The oil and gas exploration company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.56), Zacks reports. ENI had a return on equity of 9.27% and a net margin of 3.07%.

ENI Price Performance

E traded down $0.96 during midday trading on Friday, hitting $53.69. The company had a trading volume of 151,091 shares, compared to its average volume of 495,930. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19. The company has a market capitalization of $90.62 billion, a PE ratio of 31.55, a P/E/G ratio of 0.26 and a beta of 0.44. ENI has a twelve month low of $28.34 and a twelve month high of $58.00. The firm’s 50-day simple moving average is $51.16 and its 200-day simple moving average is $42.46.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th were given a $0.6137 dividend. This represents a $2.45 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, March 24th. This is a boost from ENI’s previous quarterly dividend of $0.58. ENI’s dividend payout ratio is 97.65%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of E. Arosa Capital Management LP bought a new position in shares of ENI in the 4th quarter valued at about $4,173,000. O Shaughnessy Asset Management LLC boosted its stake in shares of ENI by 63.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 171,326 shares of the oil and gas exploration company’s stock valued at $6,500,000 after purchasing an additional 66,716 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of ENI by 44.9% in the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ENI by 67.0% in the 4th quarter. JPMorgan Chase & Co. now owns 115,808 shares of the oil and gas exploration company’s stock valued at $4,394,000 after purchasing an additional 46,454 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of ENI by 73.9% in the 4th quarter. Corient Private Wealth LLC now owns 91,943 shares of the oil and gas exploration company’s stock valued at $3,488,000 after purchasing an additional 39,057 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on E shares. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

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.