Eni S.p.A. Plans Quarterly Dividend of $0.35 (NYSE:E)

Eni S.p.A. (NYSE:E) announced a quarterly dividend on Monday, April 15th, Zacks reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.349 per share by the oil and gas exploration company on Friday, June 7th. This represents a $1.40 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, May 20th.

ENI Stock Performance

Shares of E stock opened at $32.39 on Wednesday. The stock’s fifty day simple moving average is $31.68 and its 200-day simple moving average is $32.20. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 10.73 and a beta of 1.01. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. ENI has a 1-year low of $26.50 and a 1-year high of $34.30.

ENI (NYSE:E) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). ENI had a net margin of 5.00% and a return on equity of 14.91%. The company had revenue of $26.95 billion for the quarter, compared to analysts’ expectations of $19.86 billion. On average, sell-side analysts predict that ENI will post 4.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ENI

Several large investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in shares of ENI during the 4th quarter valued at about $38,000. Captrust Financial Advisors lifted its stake in ENI by 114.6% during the second quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock worth $50,000 after purchasing an additional 1,129 shares during the period. Tower Research Capital LLC TRC boosted its holdings in ENI by 1,303.9% during the first quarter. Tower Research Capital LLC TRC now owns 2,148 shares of the oil and gas exploration company’s stock valued at $60,000 after purchasing an additional 1,995 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of ENI by 28.4% in the 1st quarter. Belpointe Asset Management LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $68,000 after purchasing an additional 540 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of ENI by 3,614.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,897 shares of the oil and gas exploration company’s stock worth $85,000 after buying an additional 2,819 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on E shares. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Friday, April 12th.

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.