ENI’s (E) Buy Rating Reaffirmed at UBS Group

UBS Group reiterated their buy rating on shares of ENI (NYSE:E) in a research report sent to investors on Tuesday morning.

Several other analysts have also recently issued reports on E. HSBC restated a “hold” rating on shares of ENI in a research note on Friday, September 25th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. BNP Paribas Exane cut ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective on the stock. in a research note on Wednesday. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, ENI presently has an average rating of “Moderate Buy” and an average target price of $58.45.

ENI Stock Up 0.6%

NYSE E traded up $0.36 on Tuesday, reaching $55.98. The company had a trading volume of 408,128 shares, compared to its average volume of 328,752. The firm has a market capitalization of $94.49 billion, a PE ratio of 14.32, a P/E/G ratio of 0.22 and a beta of 0.44. The firm has a 50-day moving average of $54.86 and a 200-day moving average of $53.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. ENI has a 1 year low of $34.03 and a 1 year high of $58.00.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The firm had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. On average, equities research analysts anticipate that ENI will post 6.41 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be paid a $0.6335 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This is a positive change from ENI’s previous quarterly dividend of $0.6276. This represents a $2.53 annualized dividend and a dividend yield of 4.5%. ENI’s dividend payout ratio (DPR) is currently 42.97%.

Institutional Investors Weigh In On ENI

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in shares of ENI by 1.7% during the first quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock valued at $680,000 after purchasing an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in ENI by 2.9% in 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 in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of ENI by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after buying an additional 213 shares during the last quarter. Gallacher Capital Management LLC grew its position in ENI by 1.2% in the first quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock worth $1,209,000 after acquiring an additional 254 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of ENI by 111.2% during the 2nd quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.