Eni S.p.A. (NYSE:E) to Issue — Dividend of $0.50

Eni S.p.A. (NYSE:E) announced a — dividend on Friday, June 7th,Wall Street Journal reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.4993 per share by the oil and gas exploration company on Friday, December 6th. This represents a dividend yield of 4.7%. The ex-dividend date is Tuesday, November 19th.

ENI has raised its dividend payment by an average of 16.3% annually over the last three years. ENI has a dividend payout ratio of 55.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $3.01 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 72.1%.

ENI Stock Performance

Shares of ENI stock opened at $29.69 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 1 year low of $28.74 and a 1 year high of $34.30. The firm’s 50-day simple moving average is $30.76 and its 200-day simple moving average is $31.08. The firm has a market cap of $50.12 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95.

Analysts Set New Price Targets

E has been the topic of several research reports. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, ENI presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Company Profile

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