Summary: Eni is a leading Italian and multinational energy company mainly associated with the oil, gas, and renewable energy sectors. It has also made significant investments in nuclear fusion energy development. This guide will show you how to buy Eni stock using a regulated third-party brokerage like eToro.
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About Eni
Based in Rome, Italy, Eni has a history of more than 70 years of operation. Today, the company is a prominent player in the global energy landscape. It is known for its innovative approach to sustainable energy solutions, investing heavily in renewable sources like solar and wind power besides conventional hydrocarbons.
Eni has pledged to reach carbon neutrality by 2050, and to help it achieve this goal, it has invested in the development of nuclear fusion technology. In 2018, the supermajor oil company obtained ownership over Commonwealth Fusion Systems, a nuclear fusion research start-up, with the goal of having an industrialized fusion energy system by the 2030s.
Eni is a component of the FTSE MIB index. It trades on the New York Stock Exchange under the E ticker and Borsa Italiana under ENI.
How to buy Eni stock: step-by-step
You can acquire shares in Eni via a regulated investing service in a few simple steps:
Step 1: Choose a broker
Investors have to access the stock market to buy Eni stock. The easiest method is to use an online investing platform.
To securely buy Eni stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
For additional investing options in energy companies, consider the following guides:
- 5 Best Natural Gas Stocks to Buy;
- 3 Natural Gas Dividend Stocks for This Year;
- 3 Canadian Natural Gas Stocks to Invest in;
- How to Invest in Natural Gas ETFs;
- Best Hydrogen Fuel Cell Stocks;
- 3 Hydrogen Penny Stocks;
- Top 3 Hydrogen ETFs to Invest in.
Step 2: Open and fund your account
Once you opt for an investing platform, you must create and verify your account. The brokerage will email you the proper instructions.
Afterward, you should transfer funds into your new account to prepare to invest in Eni. Typically used funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest
Putting limits on your budget will protect you from spiraling debt and a potential financial catastrophe. Furthermore, you also need to make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Step 4: Place your order and buy Eni stock
Next, you should place an order and purchase shares in Eni:
- Step 1: Log into your investing service account and find Eni’s ticker symbol E;
- Step 2: Type in the amount or the number of shares you want to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Pros and cons of buying Eni stock
Pros
- Diversification: Eni operates across the energy sector, including oil and gas exploration, production, refining, and distribution, as well as solar, wind, and nuclear energy, providing investors with exposure to various industry segments;
- Global presence: Eni has a significant international reach, with operations across the EU and worldwide, which is useful when mitigating risks amid regional economic fluctuations;
- Dividend income: Eni traditionally offered attractive dividend yields, excellent in establishing a steady income stream for investors. As of February 2024, Eni’s dividend yield is 4.53%;
- Sustainability and energy transition: Eni has been investing in renewable and alternative energy sources, such as solar and wind power, which can help the company uphold its status in future energy transitions and regulatory changes;
- Integrated operations: Eni’s integrated business model offers operational efficiencies and cost advantages compared to companies specializing in a single segment of the energy value chain.
Cons
- Energy market volatility: Eni’s stock price remains susceptible to fluctuations in global commodity and energy prices, geopolitical tensions, and regulatory changes in the energy sector;
- Capital intensive: The energy sector needs significant capital investment for exploration, production, and infrastructure development, which could impact Eni’s profitability and cash flow, especially when oil prices become low;
- Environmentalism: Eni’s oil and gas operations leave it vulnerable to environmental and regulatory hazards, including potential liabilities related to spills, emissions, and compliance with evolving ecological standards;
- Geopolitical risks: Eni operates in geopolitically volatile regions and, therefore, faces regulatory uncertainties that could potentially affect its operations, investments, and profitability.
Common mistakes to avoid when buying Eni stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the trends regarding the fossil fuels in the energy market, especially the status of renewable energy transition, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Eni stock
What is the largest oil company in Italy?
Eni S.p.A. is the largest oil company in Italy.
Who are the major shareholders of Eni?
The major Eni shareholder is the Italian government, with a 30.33% golden share in the company (4.37% through the Ministry of Economy and Finance and 25.96% through the Cassa Depositi e Prestiti).
What's Eni's stock symbol?
Investors can find Eni on the NYSE stock exchange under the ticker E and the BIT exchange under ENI.
Why should I invest in Eni?
Eni is a member of Big Oil, having a significant share in the global energy and fossil fuel market. However, it also has significant footholds in renewable and alternative energy sources, exposing investors to the entirety of the energy market.
Is Eni a buy?
The answer hinges on the fossil fuels industry’s performance and the overall state of the transition to renewable energy and alternative fuels. Make sure to do your own research before investing.
How do I buy Eni stock?
To purchase shares in Eni, create an account on an online investing platform, locate the company’s ticker, place an order, and buy the stock.
Where can I buy Eni stock online?
You can buy Eni stock online on the market that lists it with a reliable brokerage platform like eToro.
Is Eni a stock dividend?
Eni traditionally offers lucrative dividend yields, which are excellent for establishing a steady income stream for investors. As of February 2024, Eni’s dividend yield is 4.53%;
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
