Eni SpA (NYSE:E) Short Interest Update

Eni SpA (NYSE:E) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 436,600 shares, a growth of 84.2% from the July 31st total of 237,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 196,300 shares, the days-to-cover ratio is presently 2.2 days.

E has been the topic of a number of recent research reports. Credit Suisse Group downgraded ENI from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Wednesday, September 4th. Zacks Investment Research upgraded ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday, July 18th. Finally, Santander upgraded ENI from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.67.

NYSE E traded up $0.38 on Friday, reaching $31.10. The stock had a trading volume of 30,560 shares, compared to its average volume of 218,538. The business has a 50 day moving average price of $30.11 and a 200 day moving average price of $32.60. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. ENI has a 1 year low of $28.54 and a 1 year high of $39.16. The company has a market capitalization of $56.17 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.91 and a beta of 0.74.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.29). ENI had a net margin of 4.59% and a return on equity of 8.51%. The firm had revenue of $21.16 billion during the quarter. On average, analysts anticipate that ENI will post 2.31 earnings per share for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Thursday, October 10th. Shareholders of record on Tuesday, September 24th will be paid a $0.9545 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a yield of 4.6%. ENI’s dividend payout ratio (DPR) is currently 44.00%.

Several large investors have recently made changes to their positions in E. Bank of Montreal Can lifted its position in shares of ENI by 20.7% in the first quarter. Bank of Montreal Can now owns 17,152 shares of the oil and gas exploration company’s stock worth $604,000 after buying an additional 2,939 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of ENI by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 18,385 shares of the oil and gas exploration company’s stock worth $647,000 after buying an additional 637 shares during the last quarter. Boston Partners acquired a new stake in shares of ENI in the first quarter worth about $429,000. OLD National Bancorp IN lifted its position in shares of ENI by 10.3% in the first quarter. OLD National Bancorp IN now owns 16,334 shares of the oil and gas exploration company’s stock worth $575,000 after buying an additional 1,525 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of ENI by 19.9% in the first quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock worth $76,000 after buying an additional 360 shares during the last quarter. 1.60% of the stock is owned by institutional investors.

About ENI

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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