ENI (NYSE:E) Sees Strong Trading Volume – Time to Buy?

Eni SpA (NYSE:E) saw strong trading volume on Wednesday . Approximately 1,433,137 shares were traded during trading, an increase of 206% from the previous session’s volume of 468,763 shares.The stock last traded at $47.0940 and had previously closed at $48.72.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on E. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. Finally, BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target on the stock in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Trading Down 3.2%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a fifty day moving average of $53.69 and a 200 day moving average of $47.47. The company has a market capitalization of $79.58 billion, a P/E ratio of 27.07, a PEG ratio of 0.21 and a beta of 0.38.

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

ENI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a $0.6313 dividend. This is a boost from ENI’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, May 19th. This represents a $2.53 annualized dividend and a dividend yield of 5.4%. ENI’s dividend payout ratio (DPR) is 99.43%.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in ENI by 36.5% in the 1st quarter. Parallel Advisors LLC now owns 9,483 shares of the oil and gas exploration company’s stock valued at $537,000 after buying an additional 2,535 shares during the period. Optiver Holding B.V. purchased a new position in ENI during the 1st quarter worth $6,586,000. Glenmede Trust Co. NA raised its position in ENI by 5.5% during the 1st quarter. Glenmede Trust Co. NA now owns 13,493 shares of the oil and gas exploration company’s stock valued at $764,000 after purchasing an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in ENI by 2.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after purchasing an additional 210 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after buying an additional 52,901 shares during the period. 1.18% of the stock is owned by institutional investors.

About ENI

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.