ENI (NYSE:E) Given New €20.00 Price Target at JPMorgan Chase & Co.

ENI (NYSE:EGet Rating) had its price target lifted by JPMorgan Chase & Co. from €18.50 ($19.89) to €20.00 ($21.51) in a research report released on Wednesday, The Fly reports.

Several other research analysts also recently weighed in on E. Morgan Stanley downgraded shares of ENI from an overweight rating to an equal weight rating in a research report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ENI from €14.70 ($15.81) to €14.90 ($16.02) and gave the company a buy rating in a research report on Wednesday, March 23rd. StockNews.com initiated coverage on shares of ENI in a research report on Thursday, March 31st. They set a strong-buy rating on the stock. AlphaValue raised shares of ENI to a reduce rating in a research note on Wednesday, March 2nd. Finally, HSBC raised shares of ENI from a hold rating to a buy rating in a research note on Monday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $36.48.

Shares of ENI stock opened at $29.00 on Wednesday. The company has a market cap of $52.28 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. The company’s 50 day moving average is $29.77 and its 200 day moving average is $29.00. ENI has a twelve month low of $21.91 and a twelve month high of $32.56. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 0.53.

ENI (NYSE:EGet Rating) last released its quarterly earnings results on Friday, February 18th. The oil and gas exploration company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. ENI had a net margin of 7.81% and a return on equity of 11.25%. The business had revenue of $30.97 billion for the quarter. Sell-side analysts expect that ENI will post 6.26 EPS for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 8th. Investors of record on Tuesday, May 24th will be issued a dividend of $0.9356 per share. This is a positive change from ENI’s previous semi-annual dividend of $0.72. The ex-dividend date of this dividend is Monday, May 23rd. This represents a yield of 3.8%. ENI’s dividend payout ratio (DPR) is presently 36.22%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in shares of ENI by 157.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the oil and gas exploration company’s stock valued at $25,000 after purchasing an additional 562 shares in the last quarter. Standard Family Office LLC bought a new stake in shares of ENI in the 4th quarter valued at about $27,000. Fieldpoint Private Securities LLC raised its holdings in shares of ENI by 94.7% in the 4th quarter. Fieldpoint Private Securities LLC now owns 1,100 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 535 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of ENI by 59.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,303 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Finally, CWM LLC raised its stake in shares of ENI by 58.3% during the 1st quarter. CWM LLC now owns 1,301 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 479 shares in the last quarter. Institutional investors own 1.20% of the company’s stock.

About ENI (Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments.

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