Eni S.p.A. (NYSE:E) Given Consensus Rating of “Hold” by Analysts

Shares of Eni S.p.A. (NYSE:E) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.60.

Several equities research analysts have commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th.

Institutional Investors Weigh In On ENI

A number of large investors have recently added to or reduced their stakes in E. NBC Securities Inc. grew its stake in shares of ENI by 121,000.0% during the 1st quarter. NBC Securities Inc. now owns 9,688 shares of the oil and gas exploration company’s stock valued at $299,000 after purchasing an additional 9,680 shares during the period. Legacy Wealth Asset Management LLC grew its position in ENI by 8.2% during the first quarter. Legacy Wealth Asset Management LLC now owns 35,796 shares of the oil and gas exploration company’s stock valued at $1,107,000 after buying an additional 2,726 shares during the period. GAMMA Investing LLC increased its holdings in ENI by 5,369.9% during the first quarter. GAMMA Investing LLC now owns 104,420 shares of the oil and gas exploration company’s stock valued at $3,376,000 after buying an additional 102,511 shares during the last quarter. Versant Capital Management Inc raised its position in ENI by 23,744.2% in the first quarter. Versant Capital Management Inc now owns 10,253 shares of the oil and gas exploration company’s stock worth $317,000 after acquiring an additional 10,210 shares during the period. Finally, Forum Financial Management LP boosted its stake in shares of ENI by 55.0% during the 4th quarter. Forum Financial Management LP now owns 28,823 shares of the oil and gas exploration company’s stock worth $789,000 after acquiring an additional 10,223 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Trading Down 4.9 %

NYSE:E opened at $25.53 on Friday. The firm has a market capitalization of $43.10 billion, a P/E ratio of 15.29, a PEG ratio of 1.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a one year low of $24.65 and a one year high of $33.62. The company’s 50-day simple moving average is $29.27 and its 200 day simple moving average is $29.12.

ENI Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.3549 per share. This represents a dividend yield of 5.1%. The ex-dividend date was Tuesday, March 25th. ENI’s payout ratio is presently 85.96%.

ENI Company Profile

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.