Eni S.p.A. (NYSE:E) Sees Large Drop in Short Interest

Eni S.p.A. (NYSE:E) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 771,900 shares, a drop of 13.5% from the October 31st total of 892,600 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 267,000 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.60.

ENI Stock Down 0.1 %

Shares of NYSE:E opened at $28.18 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market cap of $47.57 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.23 and a beta of 0.95. The stock’s 50-day moving average price is $30.27 and its two-hundred day moving average price is $30.84. ENI has a 12-month low of $28.03 and a 12-month high of $34.30.

Institutional Investors Weigh In On ENI

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after acquiring an additional 404 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of ENI by 138.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after purchasing an additional 3,218 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ENI in the 3rd quarter valued at about $212,000. Townsquare Capital LLC purchased a new stake in shares of ENI during the 3rd quarter worth about $231,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in ENI during the 3rd quarter worth approximately $239,000. 1.18% of the stock is owned by institutional investors and hedge funds.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.