Eni S.p.A. (NYSE:E) to Issue Quarterly Dividend of $0.35

Eni S.p.A. (NYSE:E) declared a quarterly dividend on Monday, April 15th, Zacks reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.349 per share by the oil and gas exploration company on Friday, June 7th. This represents a $1.40 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, May 20th.

ENI Stock Down 1.3 %

E stock opened at $32.44 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $31.68 and its 200 day moving average is $32.20. The stock has a market cap of $54.76 billion, a price-to-earnings ratio of 10.73 and a beta of 1.01. ENI has a 1-year low of $26.50 and a 1-year high of $34.30.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). ENI had a net margin of 5.00% and a return on equity of 14.91%. The business had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. Sell-side analysts predict that ENI will post 4.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

E has been the topic of a number of recent research reports. Berenberg Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, April 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in ENI in the fourth quarter worth $366,000. GTS Securities LLC purchased a new stake in ENI in the fourth quarter worth $1,469,000. Townsquare Capital LLC purchased a new stake in ENI in the fourth quarter worth $481,000. Atlas Capital Advisors LLC lifted its stake in ENI by 76.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 17,659 shares of the oil and gas exploration company’s stock worth $601,000 after acquiring an additional 7,629 shares during the period. Finally, Vident Advisory LLC lifted its stake in ENI by 10.4% in the fourth quarter. Vident Advisory LLC now owns 37,564 shares of the oil and gas exploration company’s stock worth $1,278,000 after acquiring an additional 3,543 shares during the period. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.