Brokerages Set Eni S.p.A. (NYSE:E) PT at $31.60

Shares of Eni S.p.A. (NYSE:E) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.60.

Several brokerages have recently weighed in on E. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

ENI Stock Down 0.3 %

E stock opened at $29.70 on Monday. The company has a market cap of $50.13 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The company has a fifty day moving average price of $28.71 and a 200 day moving average price of $29.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a 12 month low of $26.12 and a 12 month high of $33.78.

ENI Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.3549 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. ENI’s payout ratio is 83.04%.

Institutional Trading of ENI

Several hedge funds have recently modified their holdings of E. Caprock Group LLC increased its holdings in ENI by 3.9% in the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after buying an additional 336 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after purchasing an additional 484 shares in the last quarter. Corient Private Wealth LLC raised its holdings in ENI by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after purchasing an additional 488 shares during the last quarter. Signaturefd LLC boosted its position in ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after purchasing an additional 532 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in ENI by 7.6% in the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock valued at $247,000 after purchasing an additional 576 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.