ENI (NYSE:E) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of ENI (NYSE:E – Free Report) in a report released on Wednesday, StockNewsAPI reports. The firm issued an equal weight rating on the oil and gas exploration company’s stock.

Several other equities analysts also recently commented on E. Berenberg Bank downgraded ENI from a buy rating to a hold rating in a report on Wednesday, March 20th. Redburn Atlantic upgraded shares of ENI from a neutral rating to a buy rating in a research note on Tuesday, June 25th. Finally, StockNews.com upgraded shares of ENI from a hold rating to a buy rating in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy.

Get Our Latest Research Report on ENI

ENI Stock Up 0.1 %

NYSE:E traded up $0.03 during mid-day trading on Wednesday, reaching $31.20. The stock had a trading volume of 68,294 shares, compared to its average volume of 325,051. ENI has a fifty-two week low of $28.19 and a fifty-two week high of $34.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.07. The business’s 50 day moving average is $31.21 and its 200 day moving average is $31.82. The stock has a market cap of $52.66 billion, a P/E ratio of 13.48, a PEG ratio of 1.73 and a beta of 0.96.

ENI (NYSE:E – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.18). ENI had a net margin of 3.95% and a return on equity of 12.57%. The company had revenue of $25.16 billion for the quarter, compared to analyst estimates of $18.83 billion. As a group, sell-side analysts predict that ENI will post 4.49 earnings per share for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, September 24th will be issued a dividend of $0.372 per share. The ex-dividend date is Tuesday, September 24th. This is a boost from ENI’s previous quarterly dividend of $0.35. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.77%. ENI’s dividend payout ratio (DPR) is presently 60.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in E. JFS Wealth Advisors LLC raised its holdings in shares of ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 669 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in ENI in the first quarter worth about $74,000. GAMMA Investing LLC raised its holdings in ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the last quarter. Planned Solutions Inc. acquired a new position in ENI during the 4th quarter valued at about $84,000. Finally, Barometer Capital Management Inc. bought a new position in shares of ENI in the 4th quarter valued at about $119,000. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

(Get Free Report)

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.

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