Eni SpA (E) Given Buy Rating at Citigroup Inc.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Eni SpA from a hold rating to a buy rating and set a $33.00 price target for the company in a research note on Tuesday, June 28th. Deutsche Bank AG raised Eni SpA from a hold rating to a buy rating in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Eni SpA in a research note on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Eni SpA currently has a consensus rating of Hold and a consensus price target of $25.99.
Eni SpA (NYSE:E) traded up 2.16% during midday trading on Friday, reaching $30.28. The company’s stock had a trading volume of 161,474 shares. The firm has a 50 day moving average of $29.57 and a 200 day moving average of $30.54. Eni SpA has a 52-week low of $24.73 and a 52-week high of $36.02. The firm’s market cap is $56.27 billion.
The company also recently disclosed a dividend, which was paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th were paid a $0.648 dividend. The ex-dividend date of this dividend was Friday, September 16th. This is a boost from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio (DPR) is -19.75%.
A number of large investors have recently made changes to their positions in E. JFS Wealth Advisors LLC boosted its stake in shares of Eni SpA by 10.3% in the second quarter. JFS Wealth Advisors LLC now owns 4,598 shares of the oil and gas exploration company’s stock worth $149,000 after buying an additional 428 shares during the period. US Bancorp DE boosted its stake in shares of Eni SpA by 1.0% in the second quarter. US Bancorp DE now owns 7,196 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 73 shares during the period. Connable Office Inc. purchased a new stake in shares of Eni SpA during the second quarter worth approximately $238,000. Brinker Capital Inc. purchased a new stake in shares of Eni SpA during the second quarter worth approximately $245,000. Finally, Private Bank & Trust Co. purchased a new stake in shares of Eni SpA during the second quarter worth approximately $250,000. 1.74% of the stock is owned by hedge funds and other institutional investors.
Eni SpA Company Profile
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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