Eni S.p.A. (E) to Issue Quarterly Dividend of $0.37 on October 7th

Eni S.p.A. (NYSE:E) declared a quarterly dividend on Wednesday, June 5th, Zacks reports. Shareholders of record on Tuesday, September 24th will be given a dividend of 0.372 per share by the oil and gas exploration company on Monday, October 7th. This represents a $1.49 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from ENI’s previous quarterly dividend of $0.35.

ENI has raised its dividend payment by an average of 16.3% annually over the last three years. ENI has a payout ratio of 48.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect ENI to earn $4.34 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 50.0%.

ENI Stock Down 0.0 %

E opened at $32.05 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market cap of $54.10 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.26 and a beta of 0.96. ENI has a twelve month low of $28.82 and a twelve month high of $34.30. The company’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $31.54.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. As a group, equities analysts expect that ENI will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

E has been the topic of a number of recent research reports. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Finally, Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ENI currently has an average rating of “Moderate Buy” and an average price target of $39.60.

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.