Eni SpA (NYSE:E) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Eni SpA (NYSE:E) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $58.45.

E has been the topic of several recent research reports. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday. Grupo Santander raised ENI to an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded ENI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Berenberg Bank increased their price objective on ENI from $51.00 to $59.50 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Finally, BNP Paribas Exane cut ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective for the company. in a report on Wednesday, October 7th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in E. Sei Investments Co. grew its holdings in shares of ENI by 1.7% in the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock valued at $680,000 after buying an additional 204 shares during the period. 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 valued at $419,000 after acquiring an additional 210 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in ENI by 2.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock worth $627,000 after purchasing an additional 213 shares during the period. Gallacher Capital Management LLC boosted its position in shares of ENI by 1.2% during 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 buying an additional 254 shares during the period. Finally, Trek Financial LLC grew its holdings in shares of ENI by 5.9% during the third quarter. Trek Financial LLC now owns 5,860 shares of the oil and gas exploration company’s stock worth $318,000 after buying an additional 324 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

E opened at $60.72 on Friday. The stock has a fifty day moving average price of $56.13 and a 200 day moving average price of $51.76. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. ENI has a 1 year low of $36.13 and a 1 year high of $62.16. The stock has a market cap of $102.49 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.19 and a beta of 0.44.

ENI (NYSE:E) last released its quarterly earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. ENI had a net margin of 8.78% and a return on equity of 13.84%. The company had revenue of $29.49 billion for the quarter, compared to analyst estimates of $25.89 billion. Analysts forecast that ENI will post 6.65 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Tuesday, November 24th will be issued a dividend of $0.6335 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $2.53 dividend on an annualized basis and a yield of 4.2%. This is an increase from ENI’s previous quarterly dividend of $0.6276. ENI’s payout ratio is currently 28.92%.

About ENI

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.