Eni S.p.A. (NYSE:E) Given Consensus Recommendation of “Hold” by Analysts

Shares of Eni S.p.A. (NYSE:E) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $31.60.

Several equities analysts recently commented on E shares. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th.

ENI Trading Up 3.2 %

E stock opened at $29.53 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company’s 50-day simple moving average is $28.57 and its 200 day simple moving average is $29.49. ENI has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a market capitalization of $49.84 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be issued a $0.3549 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI’s dividend payout ratio (DPR) is currently 83.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in E. Wealth Enhancement Advisory Services LLC bought a new position in shares of ENI in the third quarter worth about $212,000. Crossmark Global Holdings Inc. raised its holdings in ENI by 50.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 108,821 shares of the oil and gas exploration company’s stock valued at $3,298,000 after buying an additional 36,646 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in ENI by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after buying an additional 608 shares during the last quarter. Natixis Advisors LLC raised its holdings in ENI by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after buying an additional 288,968 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in ENI by 3.9% in the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after buying an additional 336 shares during the last quarter. 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.