Eni S.p.A. (E) to Issue — Dividend of $0.50 on December 6th

by · The Markets Daily

Eni S.p.A. (NYSE:E – Get Free Report) announced a — dividend on Thursday, June 6th,Wall Street Journal reports. Investors 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 yield of 4.7%. The ex-dividend date is Tuesday, November 19th.

ENI has raised its dividend payment by an average of 16.3% per year over the last three years. ENI has a dividend payout ratio of 55.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

E opened at $29.69 on Friday. The company has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $31.08. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.30 and a beta of 0.95. ENI has a twelve month low of $28.74 and a twelve month high of $34.30. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Wall Street Analysts Forecast Growth

E has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a report on Thursday, August 29th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.60.

Get Our Latest Analysis on E

ENI Company Profile

(Get Free Report)

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.

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