BUZZ-ENI divi cut highlights risks to payouts at peers

** ENI (NYSE: E - news) 's decision to cut its dividend is likely to put pressure on big oil peers in similar positions where the ability to fund payouts from profits is getting stretched

** ENI in the worst state among peers, with trailing DPS three times that of EPS, but others not far behind. Chart: http://link.reuters.com/her34w

** Co to pay a 2015 dividend of 0.8 euros per share compared with the 1.12 euros per share it paid in 2014

** ENI the first oil major to cut dividend - previously seen as sacrosanct among oil majors

** BP's DPS twice its EPS, yield of 6.2 pct nearly three times FCF yield of 2.2 pct

** Total (Swiss: FP.SW - news) , Repsol and Statoil (Xetra: 675213 - news) all uncovered on DPS/EPS basis

** Shell (LSE: RDSB.L - news) covered but yield of 6.4 pct not supported by 2.8 pct FCF yield

** Traders say sellers of big oil names in US and Europe seen on ENI news (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)