Eni SpA (NYSE:E)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Friday.
E has been the subject of a number of other research reports. Zacks Investment Research cut shares of Eni SpA from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Deutsche Bank AG upgraded shares of Eni SpA from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.99.
Eni SpA (NYSE:E) opened at 30.17 on Friday. The company’s 50 day moving average is $29.56 and its 200 day moving average is $30.55. Eni SpA has a one year low of $24.73 and a one year high of $36.02. The stock’s market cap is $56.07 billion.
The business also recently announced a dividend, which was paid on Friday, October 7th. Stockholders 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 was Friday, September 16th. Eni SpA’s dividend payout ratio is presently -19.75%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its position in shares of Eni SpA by 84.7% in the first quarter. Bessemer Group Inc. now owns 2,664,638 shares of the oil and gas exploration company’s stock valued at $80,525,000 after buying an additional 1,222,313 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Eni SpA during the second quarter valued at about $26,770,000. Mondrian Investment Partners LTD boosted its position in shares of Eni SpA by 67.5% in the second quarter. Mondrian Investment Partners LTD now owns 868,752 shares of the oil and gas exploration company’s stock valued at $28,104,000 after buying an additional 350,000 shares during the last quarter. I.G. Investment Management LTD. bought a new position in shares of Eni SpA during the second quarter valued at about $9,705,000. Finally, Foundry Partners LLC bought a new position in shares of Eni SpA during the second quarter valued at about $7,101,000. Institutional investors and hedge funds own 1.74% of the company’s stock.
About Eni SpA
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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