ENI (NYSE:E) Raised to Buy at Redburn Atlantic

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

E has been the topic of several other research reports. StockNews.com raised shares of ENI from a hold rating to a buy rating in a research report on Tuesday, April 30th. Berenberg Bank downgraded ENI from a buy rating to a hold rating in a report on Wednesday, March 20th. Two research 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.com, the company currently has an average rating of Moderate Buy.

ENI Price Performance

ENI stock opened at $30.67 on Tuesday. The firm has a market cap of $51.77 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. 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 stock’s fifty day moving average price is $31.35 and its two-hundred day moving average price is $31.85. ENI has a one year low of $27.65 and a one year high of $34.30.

ENI (NYSE:E) last posted its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). ENI had a return on equity of 12.57% and a net margin of 3.95%. The company had revenue of $25.16 billion during the quarter, compared to the consensus estimate of $18.83 billion. As a group, research analysts expect that ENI will post 4.49 EPS for the current fiscal 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 given a $0.372 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.49 annualized dividend and a yield of 4.85%. This is an increase from ENI’s previous quarterly dividend of $0.35. ENI’s payout ratio is presently 63.79%.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of ENI by 5.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock worth $310,000 after purchasing an additional 439 shares in the last quarter. Private Advisor Group LLC raised its stake in ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 466 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in ENI by 0.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock worth $1,868,000 after acquiring an additional 470 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of ENI by 1.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 35,020 shares of the oil and gas exploration company’s stock worth $1,191,000 after acquiring an additional 542 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of ENI by 5.0% during the first quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company’s stock valued at $379,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

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.