ENI (NYSE:E) Sees Large Volume Increase – Time to Buy?

Eni SpA (NYSE:E) shares saw an uptick in trading volume on Wednesday . Approximately 1,433,137 shares were traded during trading, an increase of 206% from the previous session’s volume of 468,763 shares.The stock last traded at $47.0940 and had previously closed at $48.72.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on E shares. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Royal Bank Of Canada increased their price target on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a report on Friday, April 17th. Finally, Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $53.69 and a 200 day moving average price of $47.47. The stock has a market cap of $79.58 billion, a PE ratio of 27.07, a PEG ratio of 0.21 and a beta of 0.38.

ENI (NYSE:E) last posted its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The company had revenue of $23.22 billion for the quarter. As a group, research analysts forecast that Eni SpA will post 6.07 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.6313 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a dividend yield of 5.4%. ENI’s payout ratio is presently 99.43%.

Institutional Investors Weigh In On ENI

Hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in ENI during the first quarter valued at about $63,334,000. Natixis Advisors LLC raised its stake in ENI by 6.6% in the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after buying an additional 192,646 shares in the last quarter. Capital Wealth Planning LLC lifted its stake in shares of ENI by 109.7% in the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after purchasing an additional 160,324 shares during the period. American Century Companies Inc. lifted its position in ENI by 33.2% during the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after buying an additional 158,699 shares during the period. Finally, Optiver Holding B.V. bought a new stake in ENI during the first quarter worth about $6,586,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.