ENI (NYSE:E) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a report issued on Tuesday morning.

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

ENI Price Performance

Shares of E opened at $32.02 on Tuesday. ENI has a 52-week low of $26.50 and a 52-week high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24. The business’s 50 day moving average price is $32.03 and its two-hundred day moving average price is $32.28. The firm has a market cap of $54.04 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.18). The business had revenue of $25.16 billion during the quarter, compared to analyst estimates of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. On average, equities analysts anticipate that ENI will post 4.67 EPS for the current year.

ENI Announces Dividend

The company 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 4.36%. ENI’s dividend payout ratio is 59.91%.

Institutional Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently modified their holdings of E. EverSource Wealth Advisors LLC grew its holdings 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 worth $310,000 after buying an additional 439 shares in the last quarter. Private Advisor Group LLC grew its holdings in ENI by 3.5% during 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 buying an additional 466 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in ENI by 1.6% during 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 buying an additional 542 shares in the last quarter. Inspire Advisors LLC grew its holdings in ENI by 4.4% during the third quarter. Inspire Advisors LLC now owns 13,142 shares of the oil and gas exploration company’s stock worth $420,000 after buying an additional 554 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in ENI by 5.0% during the first quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company’s stock worth $379,000 after buying an additional 573 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.