ENI (E) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of ENI (NYSE:E) from a hold rating to a sell rating in a report issued on Thursday.

E has been the topic of several other research reports. Berenberg Bank assumed coverage on shares of ENI in a research note on Tuesday, September 11th. They set a hold rating on the stock. JPMorgan Chase & Co. reaffirmed a sell rating on shares of ENI in a research note on Tuesday, August 7th. Sanford C. Bernstein reaffirmed a buy rating on shares of ENI in a research note on Friday, July 27th. Credit Suisse Group raised shares of ENI from a neutral rating to an outperform rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research cut shares of ENI from a hold rating to a sell rating in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $37.12.

ENI stock traded down $0.05 during trading on Thursday, reaching $35.04. The company had a trading volume of 127,700 shares, compared to its average volume of 231,394. ENI has a 1-year low of $32.13 and a 1-year high of $40.15. The stock has a market capitalization of $64.18 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.57 and a beta of 0.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.23 and a current ratio of 1.41.

The firm also recently announced a semiannual dividend, which was paid on Thursday, October 11th. Shareholders of record on Tuesday, September 25th were paid a dividend of $0.9783 per share. This represents a yield of 5.33%. The ex-dividend date of this dividend was Monday, September 24th. This is a boost from ENI’s previous semiannual dividend of $0.64. ENI’s payout ratio is 92.72%.

Several hedge funds have recently made changes to their positions in E. Wells Fargo & Company MN boosted its position in shares of ENI by 9.4% during the 1st quarter. Wells Fargo & Company MN now owns 59,373 shares of the oil and gas exploration company’s stock valued at $2,098,000 after acquiring an additional 5,101 shares during the last quarter. Millennium Management LLC raised its holdings in ENI by 383.1% in the 1st quarter. Millennium Management LLC now owns 139,048 shares of the oil and gas exploration company’s stock valued at $4,913,000 after buying an additional 110,263 shares during the period. AMG National Trust Bank raised its holdings in ENI by 2.2% in the 2nd quarter. AMG National Trust Bank now owns 93,852 shares of the oil and gas exploration company’s stock valued at $3,484,000 after buying an additional 2,055 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in ENI in the 2nd quarter valued at about $814,000. Finally, Whittier Trust Co. purchased a new stake in ENI in the 2nd quarter valued at about $755,000. 1.60% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

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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Analyst Recommendations for ENI (NYSE:E)

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