Short Interest in Eni S.p.A. (NYSE:E) Drops By 5.3%

Eni S.p.A. (NYSE:E) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 892,600 shares, a decrease of 5.3% from the October 15th total of 943,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 248,900 shares, the days-to-cover ratio is presently 3.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley upgraded 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. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.60.

ENI Stock Up 0.7 %

E stock opened at $29.69 on Monday. The stock has a market capitalization of $50.12 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.30 and a beta of 0.95. ENI has a 52 week low of $28.74 and a 52 week high of $34.30. The firm has a 50-day simple moving average of $30.76 and a 200-day simple moving average of $31.08. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently made changes to their positions in the company. Caprock Group LLC lifted its stake in shares of 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 buying an additional 336 shares in the last quarter. GAMMA Investing LLC lifted its stake in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in ENI by 0.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock worth $1,868,000 after purchasing an additional 470 shares in the last quarter. Gallacher Capital Management LLC boosted its holdings 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 purchasing an additional 504 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of 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 valued at $247,000 after purchasing an additional 576 shares in the last quarter. 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.