Eni S.p.A. Plans — Dividend of $0.50 (NYSE:E)

Eni S.p.A. (NYSE:E) announced a — dividend on Thursday, June 6th,Wall Street Journal reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.4993 per share by the oil and gas exploration company on Friday, December 6th. This represents a yield of 4.7%. The ex-dividend date is Tuesday, November 19th.

ENI has raised its dividend by an average of 16.3% annually over the last three years. ENI has a dividend payout ratio of 55.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $3.01 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 72.1%.

ENI Stock Up 0.7 %

Shares of NYSE:E opened at $29.69 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The business has a 50 day simple moving average of $30.76 and a two-hundred day simple moving average of $31.08. ENI has a 1 year low of $28.74 and a 1 year high of $34.30. The firm has a market capitalization of $50.12 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95.

Analysts Set New Price Targets

E has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and an average price target of $39.60.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.