Eni SpA (NYSE:E) Short Interest Down 39.0% in August

Eni SpA (NYSE:E) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 831,799 shares, a decline of 39.0% from the July 30th total of 1,364,063 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 315,855 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. Royal Bank of Canada lifted its stake in shares of ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after buying an additional 1,420 shares during the period. AQR Capital Management LLC boosted its holdings in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after purchasing an additional 495 shares during the last quarter. Cetera Investment Advisers grew its position in shares of ENI by 8.4% in the second quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after purchasing an additional 870 shares during the period. JPMorgan Chase & Co. grew its position in shares of ENI by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after purchasing an additional 17,133 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in ENI by 60.7% in the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock valued at $500,000 after purchasing an additional 5,831 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on E. Wall Street Zen upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings cut ENI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Zacks Research raised ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, ENI presently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Price Performance

E traded down $0.06 during midday trading on Wednesday, reaching $55.47. 216,753 shares of the company’s stock were exchanged, compared to its average volume of 453,632. ENI has a 1-year low of $34.03 and a 1-year high of $58.00. The stock has a market capitalization of $93.63 billion, a PE ratio of 14.20, a P/E/G ratio of 0.25 and a beta of 0.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The business’s 50-day moving average price is $51.64 and its 200 day moving average price is $51.97.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion for the quarter, compared to analyst estimates of $27.93 billion. As a group, equities analysts anticipate that ENI will post 5.77 EPS for the current fiscal year.

ENI Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 22nd will be issued a $0.6276 dividend. This represents a $2.51 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. ENI’s payout ratio is 44.25%.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.