Eni S.p.A. (E) to Issue — Dividend of $0.35 on April 7th

Eni S.p.A. (NYSE:E) declared a — dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.3549 per share by the oil and gas exploration company on Monday, April 7th. This represents a dividend yield of 5.1%. The ex-dividend date is Tuesday, March 25th.

ENI has raised its dividend payment by an average of 9.8% per year over the last three years. ENI has a dividend payout ratio of 53.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 55.6%.

ENI Stock Up 1.7 %

E stock opened at $28.59 on Thursday. ENI has a 1-year low of $26.12 and a 1-year high of $33.78. The business has a fifty day moving average price of $28.48 and a 200-day moving average price of $29.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market capitalization of $48.27 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.86 and a beta of 0.90.

Analyst Upgrades and Downgrades

A number of analysts recently commented on E shares. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, ENI presently has an average rating of “Hold” and a consensus price target of $31.60.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.