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

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

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

ENI Trading Up 0.5 %

Shares of NYSE E opened at $33.12 on Friday. The stock’s 50 day moving average price is $31.62 and its two-hundred day moving average price is $32.20. ENI has a 52-week low of $26.50 and a 52-week high of $34.30. The stock has a market capitalization of $55.91 billion, a P/E ratio of 10.97 and a beta of 1.01. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last posted its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.16). The company had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. ENI had a net margin of 5.00% and a return on equity of 14.91%. On average, analysts anticipate that ENI will post 4.37 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, April 8th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5186 per share. This represents a yield of 4.4%. This is an increase from ENI’s previous — dividend of $0.49. The ex-dividend date was Monday, March 18th. ENI’s dividend payout ratio is presently 48.01%.

Institutional Investors Weigh In On ENI

Several hedge funds have recently made changes to their positions in the stock. Raymond James & Associates lifted its stake in ENI by 14.6% during the fourth quarter. Raymond James & Associates now owns 493,470 shares of the oil and gas exploration company’s stock worth $16,783,000 after purchasing an additional 62,964 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of ENI by 14.6% during the fourth quarter. DAVENPORT & Co LLC now owns 7,442 shares of the oil and gas exploration company’s stock worth $253,000 after buying an additional 946 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of ENI by 94.9% during the third quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock worth $5,177,000 after buying an additional 78,957 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of ENI by 8.4% during the third quarter. Janney Montgomery Scott LLC now owns 14,642 shares of the oil and gas exploration company’s stock worth $467,000 after buying an additional 1,131 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of ENI by 10.8% during the third quarter. FMR LLC now owns 443,337 shares of the oil and gas exploration company’s stock worth $14,151,000 after buying an additional 43,286 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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