Other analysts also recently issued reports about the company. Zacks Investment Research raised Eni SpA from a sell rating to a hold rating in a research note on Monday, October 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Eni SpA in a research note on Thursday, July 21st. Finally, Deutsche Bank AG raised Eni SpA from a hold rating to a buy rating in a research note on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $25.99.
Shares of Eni SpA (NYSE:E) opened at 29.22 on Friday. Eni SpA has a 52 week low of $24.73 and a 52 week high of $36.02. The firm’s market capitalization is $54.30 billion. The stock has a 50 day moving average price of $29.49 and a 200-day moving average price of $30.53.
The company also recently declared a dividend, which was paid on Friday, October 7th. Investors of record on Tuesday, September 20th were issued a $0.648 dividend. The ex-dividend date of this dividend was Friday, September 16th. This is a boost from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio is currently -19.75%.
Large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in Eni SpA during the third quarter worth $562,000. Foundry Partners LLC boosted its stake in Eni SpA by 10.3% in the third quarter. Foundry Partners LLC now owns 242,030 shares of the oil and gas exploration company’s stock worth $6,987,000 after buying an additional 22,530 shares in the last quarter. Royal Bank of Canada boosted 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 worth $16,847,000 after buying an additional 69,503 shares in the last quarter. Brinker Capital Inc. purchased a new stake in Eni SpA during the second quarter worth $245,000. Finally, Eagle Global Advisors LLC boosted 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 worth $848,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 1.74% of the company’s stock.
Eni SpA Company Profile
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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