ENI (NYSE:E) Downgraded by StockNews.com

StockNews.com downgraded shares of ENI (NYSE:E) from a buy rating to a hold rating in a research note released on Monday.

Separately, Berenberg Bank cut shares of ENI from a buy rating to a hold rating in a report on Wednesday, March 20th.

ENI Stock Down 2.2 %

Shares of ENI stock opened at $32.56 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market capitalization of $54.96 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01. ENI has a 52-week low of $26.50 and a 52-week high of $34.30. The company has a 50-day simple moving average of $31.88 and a two-hundred day simple moving average of $32.27.

ENI (NYSE:E) last issued its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.16). The firm had revenue of $26.95 billion during the quarter, compared to analysts’ expectations of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, analysts anticipate that ENI will post 4.68 EPS for the current fiscal year.

ENI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 annualized dividend and a dividend yield of 4.29%. ENI’s payout ratio is 48.01%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in ENI by 5.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock valued at $310,000 after buying an additional 439 shares during the period. Private Advisor Group LLC boosted its position in shares of ENI by 3.5% in the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 466 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of ENI by 1.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 35,020 shares of the oil and gas exploration company’s stock worth $1,191,000 after purchasing an additional 542 shares during the period. Inspire Advisors LLC boosted its position in shares of ENI by 4.4% in the third quarter. Inspire Advisors LLC now owns 13,142 shares of the oil and gas exploration company’s stock worth $420,000 after purchasing an additional 554 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 669 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.