Eni S.p.A. Declares Dividend of $0.35

Eni S.p.A. (NYSE:E) announced a dividend of $0.3549 per share on Wednesday, March 5th. Investors who are on record as of Tuesday, March 25th will receive this payment on Monday, April 7th. This dividend provides a yield of 5.1%, and the ex-dividend date is also on Tuesday, March 25th.

Dividend Growth and Financial Health

Over the past three years, Eni has increased its dividend payment by an average of 9.8% annually. The company's payout ratio stands at 53.6%, which indicates that its earnings are sufficient to cover the dividend payments. Analysts predict that Eni will earn $3.78 per share in the upcoming year, suggesting that the company will continue to manage its $2.10 annual dividend comfortably, with an expected payout ratio of 55.6%.

Market Performance of Eni Stock

On Wednesday, Eni's stock price climbed by $0.48 during mid-day trading, reaching $28.59 per share. A total of 276,731 shares were traded, which is close to its average volume of 275,510. Eni has a market capitalization of $48.27 billion, a price-to-earnings ratio of 17.12, and a price-to-earnings-growth ratio of 1.86 with a beta of 0.90. Over the last year, the stock has seen a low of $26.12 and a high of $33.78. Currently, its 50-day moving average is $28.44 and the 200-day moving average is $29.56. The company's debt-to-equity ratio is 0.41, with a current ratio of 1.27 and a quick ratio of 1.07.

Analyst Ratings Overview

In recent reports, a number of analysts have shared their views on Eni's stock. On January 7th, Morgan Stanley maintained an "equal weight" rating, reducing its target price for Eni from $37.50 to $31.60. UBS Group downgraded Eni from a "buy" to a "neutral" rating in their report on January 8th. Additionally, StockNews.com changed their rating from "buy" to "hold" on February 25th. Currently, seven analysts have a "hold" rating on the stock, while three analysts rate it as a "buy." According to MarketBeat.com, Eni's consensus rating is "Hold," with an average price target of $31.60.

About Eni S.p.A.

Eni SpA is engaged in oil and gas exploration, production, refining, and sales, along with electricity and chemical production. The company's operations are divided into several segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and other corporate activities.

Investment Consideration

Before deciding to invest in Eni, it is essential to analyze market trends and financial forecasts. While Eni currently holds a "Hold" rating among analysts, other stocks may present a higher potential for returns.

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