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ENI S.p.A. ( (IT:ENI) ) has shared an announcement.
Eni S.p.A.’s recent shareholders’ meeting resulted in the approval of the 2024 financial statements, showing a profit of over 6.4 billion euros, which will be allocated to the available reserve. The meeting also authorized a share buyback program and a distribution plan in lieu of dividends, reflecting a strategic focus on shareholder returns and financial restructuring. These resolutions, including the reduction of the revaluation reserve and potential share cancellations, indicate Eni’s commitment to optimizing its capital structure and enhancing shareholder value.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
More about ENI S.p.A.
Eni S.p.A. is a major player in the energy sector, primarily involved in the exploration, production, refining, and sale of oil and natural gas. The company focuses on sustainable energy solutions and operates globally, aiming to transition towards more renewable energy sources.
Average Trading Volume: 15,429,537
Technical Sentiment Signal: Buy
Current Market Cap: €40.92B
Learn more about ENI stock on TipRanks’ Stock Analysis page.