Eni SpA (NYSE:E – Get Free Report) reached a new 52-week high on Friday. The stock traded as high as $58.26 and last traded at $58.3130, with a volume of 2,848 shares trading hands. The stock had previously closed at $57.44.
Analysts Set New Price Targets
Several research firms have weighed in on E. Barclays reissued an “overweight” rating on shares of ENI in a report on Monday, October 5th. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Berenberg Bank raised their target price on shares of ENI from $51.00 to $59.50 and gave the company a “hold” rating in a report on Thursday, August 20th. Finally, HSBC restated a “hold” rating on shares of ENI in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.45.
View Our Latest Research Report on E
ENI Stock Performance
The firm has a market cap of $98.43 billion, a PE ratio of 14.91, a P/E/G ratio of 0.22 and a beta of 0.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The stock has a 50-day moving average price of $55.14 and a 200 day moving average price of $53.50.
ENI (NYSE:E – Get Free Report) last released its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%. The firm had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. Research analysts forecast that Eni SpA will post 6.52 earnings per share for the current year.
ENI Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be issued a dividend of $0.6335 per share. This represents a $2.53 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, November 24th. This is an increase from ENI’s previous quarterly dividend of $0.6276. ENI’s payout ratio is currently 42.97%.
Institutional Investors Weigh In On ENI
Several hedge funds have recently modified their holdings of the stock. B.A. Schrock Wealth Management Inc. purchased a new position in ENI during the third quarter worth approximately $206,000. GAMMA Investing LLC grew its position in ENI by 9.7% during the third quarter. GAMMA Investing LLC now owns 10,495 shares of the oil and gas exploration company’s stock valued at $570,000 after acquiring an additional 932 shares during the period. CoreCap Advisors LLC grew its position in ENI by 8,235.3% during the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company’s stock valued at $77,000 after acquiring an additional 1,400 shares during the period. Plan A Wealth LLC increased its stake in ENI by 33.1% during the third quarter. Plan A Wealth LLC now owns 5,992 shares of the oil and gas exploration company’s stock worth $325,000 after acquiring an additional 1,491 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in ENI by 8.4% during the second quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock worth $6,756,000 after acquiring an additional 11,136 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.
About ENI
Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.
Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.
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