ENI S.p.A.’s (E) Buy Rating Reiterated at Goldman Sachs Group, Inc. (The)
A number of other equities research analysts have also weighed in on the stock. Citigroup Inc. reiterated a buy rating on shares of ENI S.p.A. in a research note on Wednesday, August 30th. BidaskClub lowered shares of ENI S.p.A. from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Societe Generale upgraded shares of ENI S.p.A. from a hold rating to a buy rating in a research note on Tuesday, June 6th. Zacks Investment Research lowered shares of ENI S.p.A. from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, Macquarie lowered shares of ENI S.p.A. from an outperform rating to a neutral rating in a research note on Wednesday, June 21st. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $16.00.
Shares of ENI S.p.A. (E) opened at 32.77 on Monday. The stock has a market capitalization of $59.65 billion, a P/E ratio of 65.02 and a beta of 0.77. ENI S.p.A. has a 52-week low of $26.15 and a 52-week high of $34.62. The firm has a 50-day moving average price of $32.18 and a 200-day moving average price of $31.71.
ENI S.p.A. (NYSE:E) last released its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.18. The business had revenue of $17.20 billion for the quarter. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. On average, analysts predict that ENI S.p.A. will post $2.29 EPS for the current year.
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The business also recently disclosed a None dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be paid a $0.676 dividend. The ex-dividend date is Monday, September 18th. This represents a dividend yield of 5.86%. ENI S.p.A.’s dividend payout ratio (DPR) is 319.52%.
Several large investors have recently bought and sold shares of E. Federated Investors Inc. PA increased its stake in shares of ENI S.p.A. by 111.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,031,970 shares of the oil and gas exploration company’s stock worth $31,021,000 after purchasing an additional 544,931 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of ENI S.p.A. by 16.4% in the 2nd quarter. Macquarie Group Ltd. now owns 2,871,258 shares of the oil and gas exploration company’s stock worth $86,310,000 after purchasing an additional 405,222 shares in the last quarter. Mondrian Investment Partners LTD increased its stake in shares of ENI S.p.A. by 19.6% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,713,077 shares of the oil and gas exploration company’s stock worth $51,495,000 after purchasing an additional 281,160 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ENI S.p.A. by 275.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 311,767 shares of the oil and gas exploration company’s stock worth $10,204,000 after purchasing an additional 228,644 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of ENI S.p.A. in the 1st quarter worth $5,103,000. Hedge funds and other institutional investors own 1.66% of the company’s stock.
About ENI S.p.A.
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.
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