ENI (NYSE:E) Sets New 12-Month High – Still a Buy?

Eni SpA (NYSE:E) hit a new 52-week high during trading on Monday . The company traded as high as $56.10 and last traded at $56.3150, with a volume of 17008 shares trading hands. The stock had previously closed at $55.22.

Wall Street Analyst Weigh In

E has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Erste Group Bank upgraded ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays reissued an “overweight” rating on shares of ENI in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Trading Up 1.4%

The company’s fifty day moving average is $46.41 and its 200-day moving average is $40.16. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $95.44 billion, a P/E ratio of 33.26 and a beta of 0.57.

ENI (NYSE:E) last announced its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The firm had revenue of $24.64 billion for the quarter. As a group, sell-side analysts anticipate 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 paid a $0.6137 dividend. The ex-dividend date is Tuesday, March 24th. This is a boost from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.3%. ENI’s dividend payout ratio is presently 100.00%.

Institutional Trading of ENI

Several hedge funds have recently added to or reduced their stakes in E. DV Equities LLC bought a new position in ENI in the 4th quarter worth approximately $35,000. Manchester Capital Management LLC boosted its position in shares of ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 437 shares during the period. Advisory Services Network LLC acquired a new stake in shares of ENI in the third quarter worth $47,000. CIBC Private Wealth Group LLC bought a new position in ENI during the third quarter worth $48,000. Finally, Global Retirement Partners LLC increased its position in ENI by 320.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock worth $52,000 after acquiring an additional 1,048 shares during the period. Institutional investors own 1.18% of the company’s stock.

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.