ENI (E) Rating Lowered to Neutral at Citigroup

Citigroup lowered shares of ENI (NYSE:E) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports.

A number of other equities analysts also recently weighed in on E. ValuEngine downgraded shares of ENI from a hold rating to a sell rating in a research note on Thursday, April 4th. Berenberg Bank raised shares of ENI from a hold rating to a buy rating in a research note on Wednesday, January 9th. Finally, JPMorgan Chase & Co. raised shares of ENI from an underweight rating to a neutral rating in a research note on Friday, January 18th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. ENI currently has a consensus rating of Hold and an average target price of $28.50.

Shares of NYSE E traded down $0.16 on Tuesday, reaching $32.13. 914 shares of the company’s stock traded hands, compared to its average volume of 176,846. ENI has a 12 month low of $29.75 and a 12 month high of $40.15. The company has a market capitalization of $58.99 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 2.74 and a beta of 0.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.32.

ENI (NYSE:E) last announced its earnings results on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. ENI had a net margin of 5.65% and a return on equity of 9.08%. The business had revenue of $22.89 billion during the quarter. On average, analysts forecast that ENI will post 2.6 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, May 21st will be given a dividend of $0.9357 per share. This represents a dividend yield of 5.43%. The ex-dividend date is Monday, May 20th. ENI’s dividend payout ratio (DPR) is currently 46.67%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in ENI by 4.0% in the 3rd quarter. Morgan Stanley now owns 3,586,315 shares of the oil and gas exploration company’s stock worth $135,061,000 after purchasing an additional 137,037 shares during the period. Brandes Investment Partners LP grew its position in ENI by 0.4% in the 1st quarter. Brandes Investment Partners LP now owns 1,801,778 shares of the oil and gas exploration company’s stock worth $63,495,000 after purchasing an additional 7,106 shares during the period. Fisher Asset Management LLC grew its position in ENI by 5,801.6% in the 4th quarter. Fisher Asset Management LLC now owns 1,052,319 shares of the oil and gas exploration company’s stock worth $33,148,000 after purchasing an additional 1,034,488 shares during the period. Parametric Portfolio Associates LLC grew its position in ENI by 4.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 801,435 shares of the oil and gas exploration company’s stock worth $28,243,000 after purchasing an additional 36,210 shares during the period. Finally, Todd Asset Management LLC grew its position in ENI by 19.7% in the 1st quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock worth $25,696,000 after purchasing an additional 119,956 shares during the period. 1.65% of the stock is owned by institutional investors.

ENI Company Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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Analyst Recommendations for ENI (NYSE:E)

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