ENI (NYSE:E) Upgraded to “Buy” at HSBC

HSBC upgraded shares of ENI (NYSE:E – Get Rating) from a hold rating to a buy rating in a research note published on Tuesday morning, The Fly reports. The analysts noted that the move was a valuation call.

A number of other analysts also recently issued reports on the stock. Barclays began coverage on shares of ENI in a report on Wednesday, November 23rd. They set an overweight rating for the company. Credit Suisse Group assumed coverage on shares of ENI in a research report on Thursday, January 19th. They issued an outperform rating for the company. StockNews.com cut shares of ENI from a buy rating to a hold rating in a research report on Tuesday, March 7th. JPMorgan Chase & Co. lowered shares of ENI from an overweight rating to a neutral rating in a report on Thursday, January 19th. Finally, Royal Bank of Canada lowered shares of ENI from an outperform rating to a sector perform rating in a report on Wednesday, December 14th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, ENI presently has a consensus rating of Moderate Buy and an average target price of $16.25.

ENI Stock Performance

E opened at $27.78 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $30.01 and its two-hundred day moving average price is $27.35. ENI has a 1-year low of $20.38 and a 1-year high of $32.21. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 3.36 and a beta of 1.01.

ENI Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 7th. Investors of record on Tuesday, March 21st will be given a $0.4623 dividend. The ex-dividend date of this dividend is Monday, March 20th. This represents a yield of 4.4%. ENI’s dividend payout ratio is presently 19.08%.

Institutional Trading of ENI

Several institutional investors and hedge funds have recently made changes to their positions in E. Hexagon Capital Partners LLC lifted its holdings in ENI by 227.4% in the third quarter. Hexagon Capital Partners LLC now owns 1,277 shares of the oil and gas exploration company’s stock valued at $27,000 after acquiring an additional 887 shares during the period. Rosenberg Matthew Hamilton acquired a new position in ENI during the 3rd quarter worth about $35,000. Atlas Capital Advisors LLC acquired a new position in ENI during the 4th quarter worth about $38,000. Captrust Financial Advisors raised its position in ENI by 114.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in ENI in the 3rd quarter valued at about $51,000. 1.18% of the stock is currently owned by institutional investors.

ENI Company Profile

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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.