Eni stock dips as Goldman Sachs raises target on buyback progress

Published on 09/17/2026 at 14:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni stock on Borsa Italiana traded around EUR 24.24 on September 16, 2026, about 0.8 percent below its prior close amid profit-taking. Goldman Sachs confirmed a Buy rating and lifted its price target, while Eni continued its share buyback program.

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Eni S.p.A. stock (ISIN IT0003128367) traded at around EUR 24.24 on Borsa Italiana on September 16, 2026, roughly 0.8 percent below its prior close as investors took some profits after recent gains.

Goldman Sachs lifts target while Eni builds treasury stake

According to Teleborsa on September 17, 2026, Goldman Sachs has increased its price target for Eni while reiterating a Buy rating on the shares, signaling continued confidence in the Italian energy group’s earnings and cash flow profile.

As TipRanks reported on September 16, 2026, Eni has lifted its treasury share holding to about 5.16 percent of its share capital through its ongoing buyback program, underscoring management’s focus on capital returns to shareholders.

Recent price performance and trading context

Per daily performance data from Borsa Italiana as of September 16, 2026, Eni closed that session at approximately EUR 24.24, down about 0.8 percent on the day, after starting near the prior close and easing during trading as some investors locked in gains.

Intraday commentary from Teleborsa on September 17, 2026, noted that Eni shares were among the weaker stocks in the Italian market at one point in the session, trading roughly 0.9 percent lower, reflecting profit-taking after prior strength.

Dividend and shareholder return perspective

For income-focused investors, Eni’s dividend remains a central part of the story. According to an analysis by Simply Wall St on September 17, 2026, the company is set to pay a EUR 0.27 per share dividend, and over the prior 12 months Eni distributed a total of EUR 1.10 per share in dividends, underlining a robust cash return profile.

That trailing annual dividend distribution of EUR 1.10 per share compared with the current share price around the EUR 24 mark implies a historical dividend yield in the low single-digit percent range, providing a tangible income component alongside potential capital gains.

Stock level and investor takeaway

As of the close on September 16, 2026, Eni stock on Borsa Italiana traded at about EUR 24.24, with the Goldman Sachs Buy rating and raised price target, the enlarged 5.16 percent treasury share holding from buybacks, and the EUR 1.10 per share trailing annual dividend highlighting a combination of income and capital return support for the shares.