ENI (NYSE:E) Posts Earnings Results, Misses Estimates By $0.18 EPS

ENI (NYSE:E) released its quarterly earnings results on Wednesday. The oil and gas exploration company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18), reports. ENI had a return on equity of 12.57% and a net margin of 3.95%. The firm had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion.

ENI Trading Up 0.0 %

E traded up $0.01 on Friday, reaching $32.80. 145,333 shares of the company traded hands, compared to its average volume of 210,266. ENI has a one year low of $26.50 and a one year high of $34.30. The firm has a fifty day simple moving average of $31.95 and a two-hundred day simple moving average of $32.28. The company has a market cap of $55.37 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.41.

ENI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.26%. ENI’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Berenberg Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new stake in shares of ENI in the 3rd quarter valued at about $27,000. JFS Wealth Advisors LLC raised its holdings in shares of ENI by 102.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 669 shares in the last quarter. Allworth Financial LP raised its holdings in shares of ENI by 61.6% in the 3rd quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 687 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of ENI in the 1st quarter valued at about $74,000. Finally, Planned Solutions Inc. bought a new stake in shares of ENI in the 4th quarter valued at about $84,000. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.