ENI (NYSE:E) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Eni SpA (NYSE:E) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.62 and traded as high as $54.81. ENI shares last traded at $54.1990, with a volume of 221,798 shares traded.

Wall Street Analysts Forecast Growth

E has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research report on Monday, April 20th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Finally, Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ENI currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Down 1.0%

The company has a market capitalization of $90.32 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 0.23 and a beta of 0.38. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $54.69 and a two-hundred day moving average price of $46.74.

ENI (NYSE:E) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The company had revenue of $23.22 billion for the quarter. As a group, sell-side analysts expect that Eni SpA will post 6.07 earnings per share for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.6313 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.53 annualized dividend and a yield of 4.7%. This is an increase from ENI’s previous quarterly dividend of $0.61. ENI’s dividend payout ratio (DPR) is 99.43%.

Institutional Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently modified their holdings of E. DV Equities LLC bought a new position in shares of ENI during the fourth quarter worth about $35,000. Manchester Capital Management LLC raised its stake in ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ENI during the third quarter valued at approximately $47,000. Larson Financial Group LLC lifted its holdings in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in ENI during the 3rd quarter worth approximately $48,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.