Eni S.p.A. (NYSE:E) Receives $31.60 Average Price Target from Analysts

Eni S.p.A. (NYSE:E) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.60.

E has been the topic of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $31.60 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caprock Group LLC raised its holdings in shares of ENI by 3.9% in the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after purchasing an additional 484 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of ENI by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after purchasing an additional 488 shares in the last quarter. Signaturefd LLC raised its holdings in shares of ENI by 2.1% in the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after purchasing an additional 532 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of ENI by 7.6% in the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after purchasing an additional 576 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

Shares of NYSE:E opened at $29.96 on Monday. The company has a 50-day simple moving average of $28.80 and a 200-day simple moving average of $29.39. ENI has a one year low of $26.12 and a one year high of $33.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be issued a $0.3549 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. ENI’s dividend payout ratio (DPR) is presently 83.04%.

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.