ENI (NYSE:E) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a research report report published on Monday.

Separately, Berenberg Bank lowered ENI from a buy rating to a hold rating in a research note on Wednesday, March 20th.

ENI Price Performance

Shares of E stock opened at $32.80 on Monday. ENI has a fifty-two week low of $26.50 and a fifty-two week high of $34.30. The firm has a market capitalization of $55.37 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.30. The stock’s 50-day simple moving average is $31.90 and its 200-day simple moving average is $32.27.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). ENI had a return on equity of 14.91% and a net margin of 5.00%. The business had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion. As a group, equities analysts forecast that ENI will post 4.68 earnings per share for the current fiscal year.

ENI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.349 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s dividend payout ratio is presently 48.01%.

Institutional Trading of ENI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Checchi Capital Advisers LLC lifted its stake in ENI by 6.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 13,059 shares of the oil and gas exploration company’s stock valued at $414,000 after acquiring an additional 784 shares during the period. Simplicity Wealth LLC purchased a new position in shares of ENI during the 1st quarter valued at approximately $486,000. Raymond James & Associates increased its holdings in shares of ENI by 0.4% during the 1st quarter. Raymond James & Associates now owns 495,300 shares of the oil and gas exploration company’s stock valued at $15,711,000 after purchasing an additional 1,830 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of ENI by 2.9% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company’s stock valued at $1,143,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of ENI during the 1st quarter valued at approximately $437,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.