ENI S.p.A. (NYSE:E) declared a None dividend on Friday, August 4th, Zacks reports. Stockholders of record on Tuesday, September 19th will be paid a dividend of 0.676 per share by the oil and gas exploration company on Friday, October 6th. This represents a dividend yield of 5.86%. The ex-dividend date is Monday, September 18th.

ENI S.p.A. has decreased its dividend payment by an average of 17.6% per year over the last three years. ENI S.p.A. has a dividend payout ratio of 103.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ENI S.p.A. to earn $1.90 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 71.1%.

Shares of ENI S.p.A. (NYSE:E) traded down 0.25% during trading on Wednesday, hitting $32.40. 122,902 shares of the stock traded hands. The stock has a 50 day moving average price of $31.60 and a 200-day moving average price of $31.55. ENI S.p.A. has a 1-year low of $26.15 and a 1-year high of $34.62. The stock has a market cap of $58.98 billion, a price-to-earnings ratio of 64.54 and a beta of 0.75.

ENI S.p.A. (NYSE:E) last issued its quarterly earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.18. The company had revenue of $17.20 billion for the quarter. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.23%. Equities analysts forecast that ENI S.p.A. will post $2.29 EPS for the current year.

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E has been the topic of a number of research analyst reports. Exane BNP Paribas downgraded shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a report on Friday, May 26th. BNP Paribas downgraded shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a report on Sunday, May 28th. Societe Generale raised shares of ENI S.p.A. from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Macquarie downgraded shares of ENI S.p.A. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of ENI S.p.A. from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

ENI S.p.A. Company Profile

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Dividend History for ENI S.p.A. (NYSE:E)

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