ENI’s (E) “Buy” Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of ENI (NYSE:E) in a report released on Tuesday.

A number of other research analysts have also weighed in on the company. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. BNP Paribas Exane lowered ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective on the stock. in a research report on Wednesday. Barclays reiterated an “overweight” rating on shares of ENI in a research note on Monday. Finally, HSBC reaffirmed a “hold” rating on shares of ENI in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus price target of $58.45.

ENI Stock Up 0.6%

Shares of ENI stock traded up $0.36 during trading on Tuesday, reaching $55.98. 408,128 shares of the company traded hands, compared to its average volume of 328,752. The firm has a market capitalization of $94.49 billion, a PE ratio of 14.32, a P/E/G ratio of 0.22 and a beta of 0.44. The company has a 50 day moving average price of $54.86 and a 200-day moving average price of $53.40. ENI has a 1-year low of $34.03 and a 1-year high of $58.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05.

ENI (NYSE:E) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. As a group, equities research analysts expect that ENI will post 6.41 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Tuesday, November 24th will be paid a $0.6335 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $2.53 annualized dividend and a yield of 4.5%. This is a boost from ENI’s previous quarterly dividend of $0.6276. ENI’s dividend payout ratio (DPR) is currently 42.97%.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently bought and sold shares of E. Arrowstreet Capital Limited Partnership bought a new position in ENI in the first quarter valued at approximately $63,334,000. Quantinno Capital Management LP boosted its stake in shares of ENI by 13.2% in the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock valued at $25,698,000 after buying an additional 52,901 shares during the period. QRG Capital Management Inc. boosted its stake in shares of ENI by 8.4% in the 2nd quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock valued at $6,756,000 after purchasing an additional 11,136 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of ENI in the first quarter valued at about $6,586,000. Finally, LFG Wealth Partners LLC bought a new stake in shares of ENI in the 4th quarter valued at $2,975,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.