ENI (NYSE:E) Upgraded to “Buy” by Redburn Atlantic

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

Several other equities analysts also recently commented on the company. Berenberg Bank downgraded ENI from a buy rating to a hold rating in a research report on Wednesday, March 20th. StockNews.com upgraded ENI from a hold rating to a buy rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, ENI has a consensus rating of Moderate Buy.

ENI Stock Performance

Shares of NYSE E opened at $30.79 on Tuesday. The stock has a market capitalization of $51.97 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. ENI has a 52 week low of $27.94 and a 52 week high of $34.30. The stock has a 50 day moving average price of $31.28 and a 200 day moving average price of $31.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24.

ENI (NYSE:E) last announced its quarterly 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). The firm had revenue of $25.16 billion during the quarter, compared to analyst estimates of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. Analysts predict that ENI will post 4.49 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Tuesday, September 24th will be paid a $0.372 dividend. This is an increase from ENI’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.49 annualized dividend and a yield of 4.83%. ENI’s dividend payout ratio is presently 60.34%.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of ENI by 52.7% during the third quarter. HighTower Advisors LLC now owns 29,158 shares of the oil and gas exploration company’s stock worth $932,000 after purchasing an additional 10,061 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of ENI in the 3rd quarter valued at about $289,000. FMR LLC increased its stake in shares of ENI by 10.8% in the third quarter. FMR LLC now owns 443,337 shares of the oil and gas exploration company’s stock valued at $14,151,000 after buying an additional 43,286 shares during the period. Mariner LLC raised its position in shares of ENI by 17.5% during the third quarter. Mariner LLC now owns 55,664 shares of the oil and gas exploration company’s stock worth $1,777,000 after acquiring an additional 8,276 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of ENI by 3.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 57,372 shares of the oil and gas exploration company’s stock worth $1,831,000 after acquiring an additional 2,166 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

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.