ENI (NYSE:E) Sees Strong Trading Volume – What’s Next?

Shares of Eni SpA (NYSE:E) saw unusually-strong trading volume on Wednesday . Approximately 1,433,137 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 468,763 shares.The stock last traded at $47.0940 and had previously closed at $48.72.

Analysts Set New Price Targets

A number of brokerages recently weighed in on E. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday. Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Royal Bank Of Canada increased their price objective on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Stock Down 1.6%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $77.74 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.25 and a beta of 0.38. The stock’s fifty day simple moving average is $53.34 and its two-hundred day simple moving average is $47.60.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The company had revenue of $23.22 billion for the quarter. On average, sell-side analysts anticipate that Eni SpA will post 5.65 EPS for the current year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were given a $0.6313 dividend. This represents a $2.53 annualized dividend and a yield of 5.5%. This is a positive change from ENI’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, May 19th. ENI’s dividend payout ratio (DPR) is presently 99.43%.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of E. Parallel Advisors LLC raised its position in shares of ENI by 36.5% during the first quarter. Parallel Advisors LLC now owns 9,483 shares of the oil and gas exploration company’s stock worth $537,000 after purchasing an additional 2,535 shares during the period. Optiver Holding B.V. purchased a new position in ENI in the 1st quarter worth about $6,586,000. Glenmede Trust Co. NA increased its stake in ENI by 5.5% in the 1st quarter. Glenmede Trust Co. NA now owns 13,493 shares of the oil and gas exploration company’s stock worth $764,000 after purchasing an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in ENI by 2.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock worth $419,000 after buying an additional 210 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in ENI by 13.2% during the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock valued at $25,698,000 after buying an additional 52,901 shares in the last quarter. Institutional investors and hedge funds 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.