Eni S.p.A. (NYSE:E) Plans Dividend Increase – $0.49 Per Share

Eni S.p.A. (NYSE:E) announced a — dividend on Tuesday, October 31st, Wall Street Journal reports. Stockholders of record on Tuesday, November 21st will be paid a dividend of 0.4862 per share by the oil and gas exploration company on Thursday, December 7th. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from ENI’s previous — dividend of $0.47.

ENI has decreased its dividend payment by an average of 10.1% per year over the last three years.

ENI Price Performance

Shares of E stock opened at $32.78 on Friday. The firm has a market cap of $58.54 billion, a P/E ratio of 9.93 and a beta of 1.02. ENI has a fifty-two week low of $25.10 and a fifty-two week high of $33.45. The business’s 50 day moving average price is $32.28 and its 200-day moving average price is $30.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 1.44.

ENI (NYSE:E) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $24.65 billion for the quarter. ENI had a return on equity of 16.22% and a net margin of 5.13%. On average, equities research analysts anticipate that ENI will post 5.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC bought a new position in shares of ENI during the fourth quarter valued at $247,000. Atlas Capital Advisors LLC lifted its holdings in shares of ENI by 560.6% during the first quarter. Atlas Capital Advisors LLC now owns 8,680 shares of the oil and gas exploration company’s stock valued at $243,000 after purchasing an additional 7,366 shares in the last quarter. LPL Financial LLC bought a new position in shares of ENI during the fourth quarter valued at $236,000. Stifel Financial Corp bought a new position in shares of ENI during the first quarter valued at $232,000. Finally, MML Investors Services LLC bought a new position in shares of ENI during the second quarter valued at $231,000. Hedge funds and other institutional investors own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on E. JPMorgan Chase & Co. upgraded ENI from a “neutral” rating to an “overweight” rating in a research note on Friday, September 22nd. StockNews.com began coverage on ENI in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.