Eni SpA (E) to Issue Quarterly Dividend of $0.63 on June 5th

Eni SpA (NYSE:E) declared a quarterly dividend on Thursday, April 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.6313 per share by the oil and gas exploration company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, May 19th. This is a 2.9% increase from ENI’s previous quarterly dividend of $0.61.

ENI has increased its dividend payment by an average of 0.1%per year over the last three years. ENI has a dividend payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect ENI to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 32.2%.

ENI Trading Up 0.2%

E stock opened at $55.45 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. ENI has a twelve month low of $28.78 and a twelve month high of $58.00. The stock has a market capitalization of $93.60 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41. The firm’s fifty day simple moving average is $53.97 and its two-hundred day simple moving average is $44.45.

ENI (NYSE:E) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. As a group, analysts anticipate that ENI will post 6.08 earnings per share for the current year.

Wall Street Analyst Weigh In

E has been the topic of a number of analyst reports. Zacks Research upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a report on Friday, April 17th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Monday, April 20th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Company Profile

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.