Eni SpA (NYSE:E) – Equities researchers at Jefferies Financial Group increased their FY2019 earnings estimates for ENI in a note issued to investors on Wednesday, March 13th. Jefferies Financial Group analyst J. Gammel now anticipates that the oil and gas exploration company will post earnings per share of $2.76 for the year, up from their prior estimate of $2.40.
A number of other equities research analysts have also recently commented on E. Zacks Investment Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 17th. ValuEngine upgraded shares of ENI from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Berenberg Bank upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Deutsche Bank lowered shares of ENI from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Monday, December 10th. Finally, JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to a “neutral” rating in a report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.50.
ENI (NYSE:E) last issued its quarterly earnings data on Friday, February 15th. The oil and gas exploration company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The firm had revenue of $22.89 billion for the quarter. ENI had a net margin of 5.52% and a return on equity of 9.03%.
The company also recently announced a semiannual dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, May 21st will be issued a $0.9357 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a yield of 5.43%. ENI’s dividend payout ratio (DPR) is 46.67%.
Hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in ENI by 6.0% in the third quarter. Comerica Bank now owns 106,988 shares of the oil and gas exploration company’s stock valued at $3,683,000 after buying an additional 6,082 shares during the period. Wells Fargo & Company MN grew its position in ENI by 405.1% in the third quarter. Wells Fargo & Company MN now owns 307,997 shares of the oil and gas exploration company’s stock valued at $11,599,000 after acquiring an additional 247,015 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in ENI by 1,118.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,801 shares of the oil and gas exploration company’s stock valued at $218,000 after acquiring an additional 5,325 shares in the last quarter. Advisor Partners LLC acquired a new stake in ENI in the third quarter valued at approximately $228,000. Finally, South State Corp grew its position in ENI by 5.1% in the third quarter. South State Corp now owns 110,657 shares of the oil and gas exploration company’s stock valued at $4,168,000 after acquiring an additional 5,414 shares in the last quarter. Institutional investors and hedge funds own 1.65% of the company’s stock.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
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