Todays Report: The Citigroup Inc. Reaffirms Buy Rating for Eni SpA (E)

The Citigroup Inc. Reaffirms Buy Rating for Eni SpA (E)

Citigroup Inc. restated their buy rating on shares of Eni SpA (NYSE:E) in a research note published on Friday.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Eni SpA from a sell rating to a hold rating in a report on Monday, October 3rd. JPMorgan Chase & Co. reissued a neutral rating on shares of Eni SpA in a report on Thursday, July 21st. Finally, Deutsche Bank AG raised Eni SpA from a hold rating to a buy rating in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Eni SpA currently has a consensus rating of Hold and a consensus target price of $25.99.

Shares of Eni SpA (NYSE:E) opened at 29.38 on Friday. The company’s 50 day moving average is $29.53 and its 200 day moving average is $30.54. The company’s market capitalization is $54.60 billion. Eni SpA has a 12-month low of $24.73 and a 12-month high of $36.02.

The firm also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.648 per share. This is an increase from Eni SpA’s previous dividend of $0.64. The ex-dividend date was Friday, September 16th. Eni SpA’s payout ratio is presently -19.75%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Eni SpA by 1.3% in the second quarter. Bessemer Group Inc. now owns 2,698,645 shares of the oil and gas exploration company’s stock valued at $87,301,000 after buying an additional 34,007 shares during the last quarter. Mondrian Investment Partners LTD increased its position in shares of Eni SpA by 67.5% in the second quarter. Mondrian Investment Partners LTD now owns 868,752 shares of the oil and gas exploration company’s stock valued at $28,104,000 after buying an additional 350,000 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Eni SpA during the second quarter valued at approximately $26,770,000. Wedge Capital Management L L P NC increased its position in shares of Eni SpA by 6.1% in the second quarter. Wedge Capital Management L L P NC now owns 535,376 shares of the oil and gas exploration company’s stock valued at $17,319,000 after buying an additional 30,881 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Eni SpA by 15.4% in the second quarter. Royal Bank of Canada now owns 520,801 shares of the oil and gas exploration company’s stock valued at $16,847,000 after buying an additional 69,503 shares during the last quarter. 1.74% of the stock is owned by hedge funds and other institutional investors.

About Eni SpA

Related posts

Leave a Comment