ENI (NYSE:E) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a research report released on Saturday.

Other research analysts have also issued reports about the company. Barclays reiterated an “overweight” rating on shares of ENI in a report on Friday, December 12th. Zacks Research raised ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Thursday, January 8th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Stock Up 2.0%

Shares of NYSE:E opened at $55.16 on Friday. The company has a 50 day moving average price of $45.71 and a two-hundred day moving average price of $39.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.19. The company has a market capitalization of $93.11 billion, a PE ratio of 32.45 and a beta of 0.57. ENI has a 52 week low of $24.65 and a 52 week high of $55.38.

ENI (NYSE:E) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The company had revenue of $24.64 billion for the quarter. Analysts forecast that ENI will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.6137 per share. This is a boost from ENI’s previous quarterly dividend of $0.58. The ex-dividend date is Tuesday, March 24th. This represents a $2.45 dividend on an annualized basis and a yield of 4.4%. ENI’s dividend payout ratio is currently 100.00%.

Institutional Trading of ENI

Institutional investors have recently modified their holdings of the company. DV Equities LLC bought a new stake in ENI in the 4th quarter valued at approximately $35,000. MAI Capital Management grew its stake in shares of ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 1,070 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of ENI in the third quarter valued at approximately $47,000. Finally, Larson Financial Group LLC raised its holdings in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 378 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

About ENI

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.