Eni S.p.A. (NYSE:E) Receives $31.60 Average Target Price from Analysts

Eni S.p.A. (NYSE:E) has received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.60.

A number of equities research analysts have recently weighed in on E shares. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Hedge Funds Weigh In On ENI

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in ENI during the third quarter worth approximately $212,000. Crossmark Global Holdings Inc. raised its stake in ENI by 50.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 108,821 shares of the oil and gas exploration company’s stock worth $3,298,000 after acquiring an additional 36,646 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in ENI by 5.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after acquiring an additional 608 shares during the last quarter. Natixis Advisors LLC boosted its stake in ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after acquiring an additional 288,968 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in shares of ENI by 3.9% during the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Down 0.3 %

Shares of E opened at $29.70 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $28.71 and a 200 day moving average price of $29.45. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The firm has a market capitalization of $50.13 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 25th will be issued a $0.3549 dividend. The ex-dividend date is Tuesday, March 25th. This represents a yield of 5.1%. ENI’s dividend payout ratio (DPR) is 83.04%.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.