ENI (NYSE:E) Cut to Hold at Wall Street Zen

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

A number of other research firms also recently issued reports on E. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Barclays reissued an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, ENI currently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Stock Performance

E opened at $55.89 on Friday. ENI has a 1-year low of $24.65 and a 1-year high of $56.63. The company has a market cap of $94.35 billion, a price-to-earnings ratio of 32.88 and a beta of 0.57. The company’s fifty day moving average price is $46.05 and its two-hundred day moving average price is $40.01. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

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

ENI Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.6137 per share. This represents a $2.45 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. ENI’s dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On ENI

Several institutional investors have recently added to or reduced their stakes in the business. DV Equities LLC purchased a new position in shares of ENI in the fourth quarter worth about $35,000. MAI Capital Management lifted its stake in shares of ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 1,070 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 437 shares during the period. Advisory Services Network LLC purchased a new position in ENI in the 3rd quarter valued at approximately $47,000. Finally, Larson Financial Group LLC grew its stake in ENI by 37.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

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.