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

Eni S.p.A. (NYSE:E) saw a significant decrease in short interest in 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 company’s stock are sold short. Based on an average daily volume of 248,900 shares, the short-interest ratio is currently 3.6 days.

ENI Stock Performance

Shares of NYSE E opened at $29.08 on Wednesday. The company has a market capitalization of $49.09 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company’s fifty day moving average price is $30.72 and its 200 day moving average price is $31.05. ENI has a 1 year low of $28.74 and a 1 year high of $34.30.

Institutional Trading of ENI

Several large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of ENI in the 1st quarter valued at approximately $74,000. Janney Montgomery Scott LLC raised its position in ENI by 12.0% in the first quarter. Janney Montgomery Scott LLC now owns 16,359 shares of the oil and gas exploration company’s stock valued at $519,000 after purchasing an additional 1,754 shares during the period. Russell Investments Group Ltd. lifted its stake in ENI by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 82,889 shares of the oil and gas exploration company’s stock worth $2,629,000 after purchasing an additional 832 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of ENI by 0.8% during the first 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 buying an additional 470 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of ENI in the first quarter valued at $218,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.