ENI (NYSE:E) Reaches New 12-Month High – Time to Buy?

Shares of Eni SpA (NYSE:E) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $58.00 and last traded at $56.87, with a volume of 60445 shares changing hands. The stock had previously closed at $57.10.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Stock Performance

The stock has a 50 day simple moving average of $48.13 and a 200 day simple moving average of $40.92. The company has a market cap of $97.10 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 0.28 and a beta of 0.44. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last issued its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. The company had revenue of $24.64 billion for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%. As a group, analysts predict that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.6137 per share. This is a boost from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, March 24th. ENI’s payout ratio is presently 97.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in shares of ENI during the third quarter worth about $2,016,000. JPMorgan Chase & Co. lifted its stake in shares of ENI by 52.9% during the third quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock worth $2,424,000 after purchasing an additional 24,006 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of ENI during the fourth quarter worth about $923,000. Trek Financial LLC acquired a new position in shares of ENI in the third quarter worth about $4,128,000. Finally, American Century Companies Inc. lifted its stake in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after acquiring an additional 158,699 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 integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.