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

Shares of Eni S.p.A. (NYSE:E) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.60.

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

ENI Price Performance

Shares of ENI stock opened at $29.96 on Monday. The business’s 50-day moving average price is $28.80 and its 200-day moving average price is $29.39. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a 12 month low of $26.12 and a 12 month high of $33.78. The firm has a market capitalization of $50.57 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

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

Hedge Funds Weigh In On ENI

Several hedge funds have recently made changes to their positions in E. Allworth Financial LP lifted its stake in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after buying an additional 581 shares in the last quarter. R Squared Ltd acquired a new stake in ENI in the 4th quarter valued at approximately $103,000. Jones Financial Companies Lllp increased its holdings in ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after purchasing an additional 2,149 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in ENI in the 3rd quarter valued at approximately $212,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after acquiring an additional 484 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

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.