Eni SpA (NYSE:E) Given Consensus Rating of “Hold” by Brokerages

Shares of Eni SpA (NYSE:E) have received an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.60.

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Friday, July 11th. Royal Bank Of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley set a $34.60 target price on shares of ENI in a report on Wednesday, September 3rd.

ENI Stock Performance

E opened at $34.69 on Friday. ENI has a 12-month low of $24.65 and a 12-month high of $35.98. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $58.56 billion, a PE ratio of 21.42 and a beta of 0.90. The firm has a 50 day moving average of $34.98 and a two-hundred day moving average of $31.96.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. On average, analysts anticipate that ENI will post 3.74 EPS for the current year.

ENI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.5814 per share. This represents a $2.33 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI’s payout ratio is 98.77%.

Institutional Investors Weigh In On ENI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewSquare Capital LLC increased its holdings in ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 588 shares in the last quarter. MAI Capital Management increased its holdings in ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 1,070 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in ENI by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 601 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in ENI by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after acquiring an additional 750 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in ENI in the 1st quarter worth $54,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.