Eni SpA (E) To Go Ex-Dividend on September 22nd

Eni SpA (NYSE:E) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.6276 per share by the oil and gas exploration company on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 22nd.

ENI has increased its dividend by an average of 0.1%annually over the last three years. ENI has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $5.62 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 30.8%.

ENI Stock Down 1.5%

E stock opened at $54.60 on Friday. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $92.17 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.23 and a beta of 0.38. The company has a 50 day moving average of $53.78 and a two-hundred day moving average of $52.92.

ENI (NYSE:E) last posted its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. On average, equities analysts anticipate that ENI will post 6.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new position in ENI during the first quarter worth $63,334,000. Natixis Advisors LLC increased its holdings in shares of ENI by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock valued at $124,411,000 after acquiring an additional 165,454 shares during the last quarter. Capital Wealth Planning LLC increased its holdings in shares of ENI by 109.7% during the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after acquiring an additional 160,324 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of ENI in the 1st quarter valued at approximately $6,586,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of ENI by 16,704.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,422 shares of the oil and gas exploration company’s stock valued at $3,506,000 after acquiring an additional 91,872 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.