Deutsche Bank AG Upgrades Eni SpA (E) to Buy
Eni SpA (NYSE:E) was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report released on Wednesday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.99.
Shares of Eni SpA (NYSE:E) opened at 28.94 on Wednesday. The stock’s 50 day moving average is $29.69 and its 200 day moving average is $30.56. The company’s market cap is $53.78 billion. Eni SpA has a 52-week low of $24.73 and a 52-week high of $36.02.
The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 20th will be given a dividend of $0.648 per share. This is an increase from Eni SpA’s previous dividend of $0.64. The ex-dividend date of this dividend is Friday, September 16th. Eni SpA’s dividend payout ratio (DPR) is presently -19.75%.
Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Eni SpA by 15.4% in the second quarter. Royal Bank of Canada now owns 520,801 shares of the oil and gas exploration company’s stock worth $16,847,000 after buying an additional 69,503 shares during the last quarter. Brinker Capital Inc. acquired a new stake in shares of Eni SpA during the second quarter worth about $245,000. Eagle Global Advisors LLC increased its stake in shares of Eni SpA by 29.7% in the second quarter. Eagle Global Advisors LLC now owns 26,200 shares of the oil and gas exploration company’s stock worth $848,000 after buying an additional 6,000 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Eni SpA by 15.9% in the second quarter. Parametric Portfolio Associates LLC now owns 388,522 shares of the oil and gas exploration company’s stock worth $12,569,000 after buying an additional 53,164 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Eni SpA during the second quarter worth about $438,000. 1.74% of the stock is owned by hedge funds and other institutional investors.
About Eni SpA
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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