Eni SpA (NYSE:E – Get Free Report) declared a quarterly dividend on Thursday, April 2nd. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.6313 per share by the oil and gas exploration company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, May 19th. This is a 2.9% increase from ENI’s previous quarterly dividend of $0.61.
ENI has raised its dividend by an average of 0.1%per year over the last three years. ENI has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ENI to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 32.2%.
ENI Stock Up 0.2%
ENI stock opened at $55.45 on Friday. ENI has a 1-year low of $28.78 and a 1-year high of $58.00. The firm’s fifty day simple moving average is $53.97 and its 200-day simple moving average is $44.45. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $93.60 billion, a P/E ratio of 31.87, a P/E/G ratio of 0.23 and a beta of 0.41.
Analyst Ratings Changes
A number of research analysts recently issued reports on E shares. Zacks Research upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. 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 report on Monday, March 2nd. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.30.
Check Out Our Latest Stock Report on ENI
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.
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