Eni: Stifel still on hold, trims TP
(CercleFinance.com) - Stifel maintains its 'hold' rating on Eni shares, with a target price reduced from E14.
7 to E13.9, after the Italian oil and gas company published results broadly in line with analysts' estimates.
Management also presented the company's business plan for 2025-2028, and asserted that shareholder remuneration is a priority for the company.
Eni plans to increase its dividend by 5% in 2025, to E1.05 per share. The payout target is now between 35% and 40% of CFFO, compared with 30% to 35% previously, Stifel reports.
In 2025, Eni is also planning a share buyback of E1.5bn, with a potential increase of up to E3.5bn.
Against this backdrop, Stifel believes that Eni is leveraging its skills in exploration and improving its downstream activities, but that the oil price scenario is - in our view - a brake on better performance in 2025.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 to E13.9, after the Italian oil and gas company published results broadly in line with analysts' estimates.
Management also presented the company's business plan for 2025-2028, and asserted that shareholder remuneration is a priority for the company.
Eni plans to increase its dividend by 5% in 2025, to E1.05 per share. The payout target is now between 35% and 40% of CFFO, compared with 30% to 35% previously, Stifel reports.
In 2025, Eni is also planning a share buyback of E1.5bn, with a potential increase of up to E3.5bn.
Against this backdrop, Stifel believes that Eni is leveraging its skills in exploration and improving its downstream activities, but that the oil price scenario is - in our view - a brake on better performance in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.