ENI (NYSE:E) Shares Gap Up – Here’s Why

Eni SpA (NYSE:E) shares gapped up before the market opened on Thursday . The stock had previously closed at $52.99, but opened at $54.13. ENI shares last traded at $55.0760, with a volume of 236,088 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on E shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Barclays restated an “overweight” rating on shares of ENI in a report on Friday, December 12th. Finally, UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.60.

ENI Stock Performance

The business’s 50-day moving average price is $43.48 and its 200-day moving average price is $38.90. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The stock has a market cap of $93.31 billion, a PE ratio of 32.55 and a beta of 0.57.

ENI (NYSE:E) last announced its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The company had revenue of $24.33 billion during the quarter, compared to the consensus estimate of $19.45 billion. As a group, equities research analysts expect that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th will be given a $0.6137 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. ENI’s payout ratio is 98.24%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings in ENI by 6.6% in the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares in the last quarter. Capital Wealth Planning LLC increased its holdings in shares of ENI by 109.7% during the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after acquiring an additional 160,324 shares in the last quarter. American Century Companies Inc. raised its position in shares of ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Trek Financial LLC acquired a new stake in ENI in the 3rd quarter worth approximately $4,128,000. Finally, Arosa Capital Management LP purchased a new stake in shares of ENI during the fourth quarter valued at $4,173,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.