ENI (NYSE:E) Sees Large Volume Increase – Time to Buy?

Eni SpA (NYSE:E) shares saw unusually-strong trading volume on Wednesday . Approximately 557,863 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 484,110 shares.The stock last traded at $54.4840 and had previously closed at $57.55.

Wall Street Analyst Weigh In

Several research analysts recently commented on E shares. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. 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. Finally, Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ENI currently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

ENI Stock Down 4.3%

The firm has a market capitalization of $92.92 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 0.28 and a beta of 0.44. The business has a 50 day simple moving average of $48.13 and a 200-day simple moving average of $40.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19.

ENI (NYSE:E) last issued its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $24.64 billion during the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%. On average, equities analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be given a dividend of $0.6137 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.5%. 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 dividend payout ratio is 97.65%.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently modified their holdings of E. Natixis Advisors LLC increased its position in shares of ENI by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of ENI by 109.7% during the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after purchasing an additional 160,324 shares during the last quarter. American Century Companies Inc. increased its position in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Trek Financial LLC acquired a new stake in shares of ENI during the 3rd quarter worth about $4,128,000. Finally, Arosa Capital Management LP acquired a new stake in shares of ENI during the 4th quarter worth about $4,173,000. 1.18% of the stock is owned by institutional investors and hedge funds.

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.