ENI (NYSE:E) Sees Large Volume Increase – Time to Buy?

Eni SpA (NYSE:E) shares saw strong trading volume on Wednesday . 557,863 shares traded hands during trading, an increase of 15% from the previous session’s volume of 484,110 shares.The stock last traded at $54.4840 and had previously closed at $57.55.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Stock Down 4.3%

The stock has a market cap of $92.92 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.28 and a beta of 0.44. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $48.13 and a 200-day moving average price of $40.92.

ENI (NYSE:E) last announced its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share (EPS) 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 for the quarter. As a group, analysts forecast 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. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.6137 per share. This is a positive change from ENI’s previous quarterly dividend of $0.58. The ex-dividend date is Tuesday, March 24th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.5%. ENI’s payout ratio is 97.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DV Equities LLC purchased a new position in shares of ENI during the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its position in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new position in ENI in the 3rd quarter valued at $47,000. Larson Financial Group LLC raised 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 purchasing an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in ENI in the 3rd quarter valued at $48,000. Hedge funds and other 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.