ENI (NYSE:E) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

E has been the subject of a number of other research reports. HSBC restated a “hold” rating on shares of ENI in a research report on Friday, September 25th. Berenberg Bank lifted their price objective on ENI from $51.00 to $59.50 and gave the company a “hold” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ENI in a research note on Tuesday, September 8th. BNP Paribas Exane lowered shares of ENI from an “outperform” rating to a “neutral” rating and set a $56.30 target price for the company. in a report on Wednesday, October 7th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ENI in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.45.

ENI Stock Performance

E opened at $60.72 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The company has a market cap of $102.49 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.19 and a beta of 0.44. The company’s 50 day moving average is $56.13 and its 200 day moving average is $51.76. ENI has a 12-month low of $36.13 and a 12-month high of $62.16.

ENI (NYSE:E) last announced its earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.26. ENI had a net margin of 8.78% and a return on equity of 13.84%. The company had revenue of $29.49 billion during the quarter, compared to analyst estimates of $25.89 billion. On average, equities research analysts predict that ENI will post 6.65 EPS for the current year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be paid a $0.6335 dividend. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from ENI’s previous quarterly dividend of $0.6276. The ex-dividend date of this dividend is Tuesday, November 24th. ENI’s dividend payout ratio is currently 28.92%.

Institutional Trading of ENI

Several institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ENI during the 1st quarter valued at about $63,334,000. Quantinno Capital Management LP grew its position in 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 worth $25,698,000 after acquiring an additional 52,901 shares in the last quarter. QRG Capital Management Inc. grew its position in ENI by 8.4% in the second quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock worth $6,756,000 after acquiring an additional 11,136 shares in the last quarter. Optiver Holding B.V. purchased a new position in ENI in the first quarter worth about $6,586,000. Finally, TD Waterhouse Canada Inc. bought a new stake in ENI during the third quarter worth approximately $4,222,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.