Eni S.p.A. (NYSE:E) Receives $31.60 Consensus Target Price from Brokerages

Eni S.p.A. (NYSE:E) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.60.

A number of equities analysts have commented on the stock. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th.

ENI Price Performance

Shares of E opened at $28.21 on Friday. ENI has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market cap of $47.61 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.86 and a beta of 0.74. The stock has a 50 day moving average of $29.52 and a 200-day moving average of $29.33.

ENI Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 25th will be paid a $0.3549 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. ENI’s payout ratio is 85.96%.

Hedge Funds Weigh In On ENI

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in ENI in the 4th quarter worth approximately $14,233,000. Optiver Holding B.V. boosted its position in ENI by 1,885.2% during the 4th quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock worth $7,470,000 after acquiring an additional 259,288 shares during the period. Millennium Management LLC grew its stake in shares of ENI by 215.8% in the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock worth $8,952,000 after purchasing an additional 223,597 shares in the last quarter. Northern Trust Corp increased its holdings in shares of ENI by 42.3% during the fourth quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company’s stock valued at $20,092,000 after purchasing an additional 218,391 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in shares of ENI during the fourth quarter valued at about $4,882,000. Institutional investors own 1.18% of the company’s stock.

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.