Eni S.p.A. (E) to Issue Semi-annual Dividend of $0.58 on June 10th

Eni S.p.A. (NYSE:E) announced a semi-annual dividend on Friday, April 30th, Wall Street Journal reports. Stockholders of record on Tuesday, May 25th will be given a dividend of 0.5813 per share by the oil and gas exploration company on Thursday, June 10th. This represents a dividend yield of 2.4%. The ex-dividend date is Monday, May 24th. This is a positive change from ENI’s previous semi-annual dividend of $0.28.

ENI has decreased its dividend by 32.5% over the last three years.

NYSE:E opened at $23.84 on Friday. The firm has a market cap of $43.32 billion, a PE ratio of -3.96 and a beta of 1.06. ENI has a fifty-two week low of $13.36 and a fifty-two week high of $25.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.29. The business has a 50 day moving average price of $24.57 and a 200-day moving average price of $21.19.

ENI (NYSE:E) last announced its earnings results on Friday, February 19th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $14.24 billion during the quarter. ENI had a negative return on equity of 0.62% and a negative net margin of 19.46%. Research analysts predict that ENI will post -1.01 EPS for the current year.

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on ENI in a report on Tuesday, April 20th. They set a “buy” rating for the company. Sanford C. Bernstein downgraded ENI from a “market perform” rating to an “underperform” rating in a report on Monday, January 4th. Morgan Stanley upgraded ENI from an “underweight” rating to an “overweight” rating in a report on Tuesday, March 30th. Credit Suisse Group upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Monday, April 19th. Finally, HSBC upgraded ENI from a “hold” rating to a “buy” rating in a report on Monday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.

An institutional investor recently bought a new position in ENI stock. OLD Mission Capital LLC bought a new position in Eni S.p.A. (NYSE:E) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 92,533 shares of the oil and gas exploration company’s stock, valued at approximately $1,438,000.

ENI Company Profile

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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Dividend History for ENI (NYSE:E)

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