ENI (NYSE:E) Reaches New 12-Month High – What’s Next?

Eni SpA (NYSE:E)’s stock price hit a new 52-week high on Monday . The company traded as high as $58.00 and last traded at $56.87, with a volume of 60445 shares changing hands. The stock had previously closed at $57.10.

Analyst Ratings Changes

Several brokerages recently issued reports on E. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Stock Performance

The firm has a fifty day moving average of $47.45 and a 200-day moving average of $40.60. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a market cap of $96.18 billion, a P/E ratio of 33.51, a PEG ratio of 0.28 and a beta of 0.44.

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

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be paid a dividend of $0.6137 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from ENI’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Tuesday, March 24th. ENI’s payout ratio is presently 97.65%.

Institutional Trading of ENI

Several institutional investors and hedge funds have recently made changes to their positions in the business. DV Equities LLC acquired a new position in shares of ENI in the 4th quarter valued at $35,000. Manchester Capital Management LLC increased its holdings in ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new stake in ENI in the third quarter valued at about $47,000. CIBC Private Wealth Group LLC acquired a new position in ENI in the third quarter valued at about $48,000. Finally, Global Retirement Partners LLC boosted its holdings in ENI by 320.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock worth $52,000 after buying an additional 1,048 shares during the last quarter. 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 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.