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

Eni S.p.A. (NYSE:E) announced a — dividend on Thursday, June 6th,Wall Street Journal reports. Investors 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 of this dividend is Tuesday, November 19th.

ENI has raised its dividend payment by an average of 16.3% per year over the last three years. ENI has a dividend payout ratio of 55.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.7 %

Shares of NYSE:E opened at $29.69 on Friday. ENI has a fifty-two week low of $28.74 and a fifty-two week high of $34.30. The company has a market cap of $50.12 billion, a PE ratio of 17.78, a P/E/G ratio of 1.30 and a beta of 0.95. The company’s 50-day moving average price is $30.76 and its 200 day moving average price is $31.08. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Analyst Upgrades and Downgrades

A number of research firms have commented on E. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, ENI presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Company Profile

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.