ENI (NYSE:E) Issues Quarterly Earnings Results

ENI (NYSE:E) announced its quarterly earnings data on Wednesday. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.18), reports. ENI had a net margin of 3.95% and a return on equity of 12.57%. The firm had revenue of $25.16 billion for the quarter, compared to analyst estimates of $18.83 billion.

ENI Price Performance

Shares of NYSE:E traded up $0.01 during trading on Friday, hitting $32.80. 145,333 shares of the company were exchanged, compared to its average volume of 210,266. The business’s 50 day moving average is $31.95 and its 200-day moving average is $32.28. The company has a market capitalization of $55.37 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.41. ENI has a 1-year low of $26.50 and a 1-year high of $34.30.

ENI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. The ex-dividend date is Monday, May 20th. This represents a $1.40 annualized dividend and a dividend yield of 4.26%. ENI’s dividend payout ratio (DPR) is presently 62.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Natixis Advisors L.P. increased its holdings in ENI by 20.1% in the fourth quarter. Natixis Advisors L.P. now owns 2,257,556 shares of the oil and gas exploration company’s stock valued at $76,779,000 after purchasing an additional 377,642 shares during the period. Pacer Advisors Inc. boosted its position in shares of ENI by 3.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,337,738 shares of the oil and gas exploration company’s stock worth $45,496,000 after purchasing an additional 44,531 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of ENI by 0.3% during the 3rd quarter. Brandes Investment Partners LP now owns 632,748 shares of the oil and gas exploration company’s stock worth $20,197,000 after purchasing an additional 2,079 shares in the last quarter. Raymond James & Associates boosted its position in shares of ENI by 0.4% during the 1st quarter. Raymond James & Associates now owns 495,300 shares of the oil and gas exploration company’s stock worth $15,711,000 after purchasing an additional 1,830 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of ENI by 10.8% in the 3rd quarter. FMR LLC now owns 443,337 shares of the oil and gas exploration company’s stock worth $14,151,000 after acquiring an additional 43,286 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.