ENI (NYSE:E) Hits New 1-Year High – Here’s What Happened

Eni SpA (NYSE:E) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.47 and last traded at $38.3760, with a volume of 49247 shares. The stock had previously closed at $38.22.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank Of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup reissued a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Price Performance

The stock has a fifty day moving average of $35.86 and a two-hundred day moving average of $33.76. The stock has a market cap of $64.21 billion, a price-to-earnings ratio of 20.79 and a beta of 0.87. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $23.46 billion for the quarter, compared to analyst estimates of $19.88 billion. ENI had a net margin of 3.20% and a return on equity of 8.58%. On average, equities research analysts anticipate that Eni SpA will post 3.74 earnings per share for the current year.

ENI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a yield of 6.1%. ENI’s dividend payout ratio (DPR) is 87.43%.

Institutional Investors Weigh In On ENI

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in ENI during the third quarter worth $47,000. United Capital Financial Advisors LLC increased its position in shares of ENI by 5.0% in the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock valued at $253,000 after buying an additional 347 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of ENI in the 3rd quarter worth about $319,000. Finally, Focus Partners Wealth purchased a new position in ENI during the 3rd quarter valued at about $350,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

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.