Eni S.p.A. (NYSE:E) Receives $31.60 Consensus Target Price from Analysts

Shares of Eni S.p.A. (NYSE:E - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $31.60.

A number of equities research analysts have recently commented on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. StockNews.com downgraded shares of ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group lowered shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently made changes to their positions in E. Raymond James Financial Inc. purchased a new position in ENI in the fourth quarter valued at approximately $14,233,000. Natixis Advisors LLC boosted its stake in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company's stock worth $77,179,000 after buying an additional 288,968 shares during the period. Optiver Holding B.V. grew its holdings in shares of ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock worth $7,470,000 after buying an additional 259,288 shares during the last quarter. Millennium Management LLC increased its position in ENI by 215.8% in the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after acquiring an additional 223,597 shares during the period. Finally, Northern Trust Corp raised its stake in ENI by 42.3% during the 4th quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock valued at $20,092,000 after acquiring an additional 218,391 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

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ENI Price Performance

NYSE:E traded down $0.35 during trading hours on Monday, hitting $29.45. 68,180 shares of the stock were exchanged, compared to its average volume of 276,400. The company has a market cap of $49.70 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.86 and a beta of 0.90. The firm's fifty day moving average price is $28.66 and its 200 day moving average price is $29.45. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be paid a $0.3549 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. ENI's payout ratio is currently 83.04%.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.