ENI (NYSE:E) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of ENI (NYSE:E) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other equities analysts have also recently commented on E. Berenberg Bank cut ENI from a buy rating to a hold rating in a research note on Wednesday, March 20th. StockNews.com raised shares of ENI from a hold rating to a buy rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy.

ENI Trading Up 0.6 %

Shares of E opened at $30.79 on Tuesday. ENI has a fifty-two week low of $27.94 and a fifty-two week high of $34.30. The firm has a market cap of $51.97 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.70 and a beta of 0.98. The firm has a 50 day moving average price of $31.28 and a 200-day moving average price of $31.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24.

ENI (NYSE:E) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.18). ENI had a return on equity of 12.57% and a net margin of 3.95%. The business had revenue of $25.16 billion during the quarter, compared to the consensus estimate of $18.83 billion. As a group, equities research analysts forecast that ENI will post 4.49 earnings per share for the current year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Tuesday, September 24th will be issued a dividend of $0.372 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from ENI’s previous quarterly dividend of $0.35. ENI’s dividend payout ratio is currently 60.34%.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its position in shares of ENI by 52.7% during the third quarter. HighTower Advisors LLC now owns 29,158 shares of the oil and gas exploration company’s stock valued at $932,000 after buying an additional 10,061 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of ENI during the 3rd quarter worth approximately $289,000. FMR LLC raised its position in shares of ENI by 10.8% in the 3rd quarter. FMR LLC now owns 443,337 shares of the oil and gas exploration company’s stock worth $14,151,000 after acquiring an additional 43,286 shares in the last quarter. Mariner LLC lifted its stake in shares of ENI by 17.5% in the 3rd quarter. Mariner LLC now owns 55,664 shares of the oil and gas exploration company’s stock valued at $1,777,000 after purchasing an additional 8,276 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of ENI by 3.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 57,372 shares of the oil and gas exploration company’s stock valued at $1,831,000 after purchasing an additional 2,166 shares in the last quarter. 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. 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.