Short Interest in Eni S.p.A. (NYSE:E) Declines By 13.5%

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

Analyst Ratings Changes

E has been the topic of several research analyst reports. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

ENI Price Performance

NYSE:E traded up $0.09 during mid-day trading on Tuesday, hitting $28.16. The company’s stock had a trading volume of 36,739 shares, compared to its average volume of 288,268. The company has a market capitalization of $47.53 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.23 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a fifty-two week low of $27.79 and a fifty-two week high of $34.30. The stock has a fifty day moving average of $30.27 and a 200-day moving average of $30.83.

Institutional Trading of ENI

Several institutional investors have recently bought and sold shares of the stock. Caprock Group LLC boosted its stake in ENI by 3.9% in the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares in the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 404 shares during the last quarter. Gallacher Capital Management LLC grew its position in shares of ENI by 3.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after buying an additional 504 shares during the period. MML Investors Services LLC raised its holdings in ENI by 7.6% in the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after purchasing an additional 576 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of ENI by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.