ENI (NYSE:E) Reaches New 12-Month High – Here’s Why

Eni SpA (NYSE:E) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.50 and last traded at $51.49, with a volume of 101263 shares changing hands. The stock had previously closed at $51.36.

Wall Street Analyst Weigh In

A number of research analysts have commented on E shares. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Barclays reaffirmed an “overweight” rating on shares of ENI in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.60.

ENI Stock Up 4.0%

The company has a market capitalization of $90.61 billion, a price-to-earnings ratio of 31.57 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $43.15 and a two-hundred day moving average price of $38.80.

ENI (NYSE:E) last released its quarterly earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. ENI had a return on equity of 9.27% and a net margin of 3.07%.The business had revenue of $24.33 billion for the quarter, compared to analysts’ expectations of $19.45 billion. As a group, sell-side analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th will be given a $0.6137 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend 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 99.41%.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently made changes to their positions in E. Larry Mathis Financial Planning LLC acquired a new stake in ENI in the fourth quarter valued at $268,000. Corient Private Wealth LLC boosted its stake in ENI by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 55,003 shares of the oil and gas exploration company’s stock valued at $2,087,000 after acquiring an additional 2,117 shares during the last quarter. Compound Planning Inc. grew its holdings in ENI by 7.3% during the 4th quarter. Compound Planning Inc. now owns 10,667 shares of the oil and gas exploration company’s stock worth $405,000 after acquiring an additional 724 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of ENI in the 4th quarter worth about $275,000. Finally, Inspire Investing LLC increased its position in shares of ENI by 6.6% in the 4th quarter. Inspire Investing LLC now owns 7,961 shares of the oil and gas exploration company’s stock worth $302,000 after purchasing an additional 493 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

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.