Eni SpA (NYSE:E) was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.
Several other analysts have also recently commented on the company. Zacks Investment Research cut Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.99.
Shares of Eni SpA (NYSE:E) opened at 28.94 on Wednesday. The stock’s market capitalization is $53.78 billion. The firm’s 50-day moving average price is $29.69 and its 200-day moving average price is $30.56. Eni SpA has a 52-week low of $24.73 and a 52-week high of $36.02.
The company also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.648 per share. The ex-dividend date of this dividend is Friday, September 16th. This is a boost from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio (DPR) is -19.75%.
Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Eni SpA by 15.4% in the second quarter. Royal Bank of Canada now owns 520,801 shares of the oil and gas exploration company’s stock valued at $16,847,000 after buying an additional 69,503 shares in the last quarter. Brinker Capital Inc. bought a new stake in Eni SpA during the second quarter valued at $245,000. Eagle Global Advisors LLC raised its stake in Eni SpA by 29.7% in the second quarter. Eagle Global Advisors LLC now owns 26,200 shares of the oil and gas exploration company’s stock valued at $848,000 after buying an additional 6,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Eni SpA by 15.9% in the second quarter. Parametric Portfolio Associates LLC now owns 388,522 shares of the oil and gas exploration company’s stock valued at $12,569,000 after buying an additional 53,164 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in Eni SpA during the second quarter valued at $438,000. Institutional investors 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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