Eni SpA (E) – What Are Brokerages Thinking About This Stock?

Eni SpA (NYSE:E) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $58.45.

E has been the topic of a number of analyst reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of ENI in a report on Tuesday, September 8th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ENI in a research note on Friday, September 11th. UBS Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 6th. Finally, HSBC reiterated a “hold” rating on shares of ENI in a research note on Friday, September 25th.

ENI Stock Performance

Shares of E opened at $56.53 on Friday. The company has a market cap of $95.42 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.18 and a beta of 0.41. The firm has a 50-day moving average of $56.28 and a 200-day moving average of $52.05. ENI has a one year low of $36.13 and a one year high of $62.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.00.

ENI (NYSE:E) last issued its quarterly earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $25.89 billion. As a group, equities analysts forecast that ENI will post 6.65 earnings per share for the current year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.6335 per share. This is a boost from ENI’s previous quarterly dividend of $0.6276. The ex-dividend date is Tuesday, November 24th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.5%. ENI’s payout ratio is 28.92%.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently modified their holdings of E. Arrowstreet Capital Limited Partnership acquired a new position in shares of 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% during the 1st 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. increased its position in ENI by 8.4% during the 2nd quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock worth $6,756,000 after purchasing an additional 11,136 shares in the last quarter. Optiver Holding B.V. purchased a new stake in ENI in the 1st quarter worth approximately $6,586,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of ENI in the 3rd quarter valued at $4,222,000. 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, 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.