Eni SpA (NYSE:E)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a research note issued to investors on Monday.
Several other research analysts have also issued reports on the company. Deutsche Bank AG upgraded Eni SpA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. Zacks Investment Research lowered Eni SpA from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Eni SpA has an average rating of “Hold” and an average target price of $25.99.
Shares of Eni SpA (NYSE:E) opened at 29.76 on Monday. Eni SpA has a 52 week low of $24.73 and a 52 week high of $35.36. The company has a 50 day moving average of $29.39 and a 200-day moving average of $30.52. The company’s market cap is $55.30 billion.
The company also recently declared a dividend, which was paid on Friday, October 7th. Investors of record on Tuesday, September 20th were issued a $0.648 dividend. This is a boost from Eni SpA’s previous dividend of $0.64. The ex-dividend date of this dividend was Friday, September 16th. Eni SpA’s dividend payout ratio (DPR) is currently -19.75%.
A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Eni SpA by 18.5% in the second quarter. Bank of New York Mellon Corp now owns 28,813 shares of the oil and gas exploration company’s stock valued at $933,000 after buying an additional 4,500 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Eni SpA by 6.1% in the second quarter. Wedge Capital Management L L P NC now owns 535,376 shares of the oil and gas exploration company’s stock valued at $17,319,000 after buying an additional 30,881 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Eni SpA by 10.3% in the second quarter. JFS Wealth Advisors LLC now owns 4,598 shares of the oil and gas exploration company’s stock valued at $149,000 after buying an additional 428 shares in the last quarter. Bank of Montreal Can purchased a new position in Eni SpA during the second quarter valued at about $458,000. Finally, CIBC World Markets Inc. boosted its position in Eni SpA by 1.1% in the second quarter. CIBC World Markets Inc. now owns 182,665 shares of the oil and gas exploration company’s stock valued at $5,909,000 after buying an additional 1,899 shares in the last quarter. Institutional investors and hedge funds own 1.75% of the company’s stock.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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