Eni SpA (E) Lifted to “Buy” at Deutsche Bank AG
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Eni SpA from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reissued a neutral rating on shares of Eni SpA in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $25.99.
Shares of Eni SpA (NYSE:E) opened at 29.64 on Wednesday. Eni SpA has a 12-month low of $24.73 and a 12-month high of $36.02. The firm’s market cap is $55.08 billion. The stock has a 50 day moving average price of $29.57 and a 200 day moving average price of $30.54.
The company also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th were issued a dividend of $0.648 per share. This is an increase from Eni SpA’s previous dividend of $0.64. The ex-dividend date of this dividend was Friday, September 16th. Eni SpA’s payout ratio is currently -19.75%.
Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Eni SpA during the second quarter valued at approximately $458,000. CIBC World Markets Inc. increased its stake in shares of Eni SpA by 1.1% in the second quarter. CIBC World Markets Inc. now owns 182,665 shares of the oil and gas exploration company’s stock valued at $5,909,000 after buying an additional 1,899 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Eni SpA by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 8,406 shares of the oil and gas exploration company’s stock valued at $272,000 after buying an additional 100 shares during the period. Private Bank & Trust Co. bought a new stake in shares of Eni SpA during the second quarter valued at about $250,000. Finally, Foundry Partners LLC bought a new stake in shares of Eni SpA during the second quarter valued at about $7,101,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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