Eni S.p.A. (NYSE:E) Short Interest Update

Eni S.p.A. (NYSE:E) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 393,800 shares, a decline of 48.2% from the August 15th total of 760,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 171,000 shares, the days-to-cover ratio is currently 2.3 days.

Shares of E stock traded down $0.35 during trading hours on Friday, hitting $25.56. The company’s stock had a trading volume of 347,566 shares, compared to its average volume of 281,253. The company has a 50 day moving average of $24.16 and a 200 day moving average of $24.51. The stock has a market cap of $46.08 billion, a PE ratio of -283.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a current ratio of 1.36, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. ENI has a 12-month low of $13.36 and a 12-month high of $26.20.

ENI (NYSE:E) last released its quarterly earnings data on Friday, July 30th. The oil and gas exploration company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.42 by $0.16. The business had revenue of $19.63 billion for the quarter. ENI had a negative net margin of 0.19% and a positive return on equity of 2.95%. As a group, analysts anticipate that ENI will post 2.13 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 7th. Stockholders of record on Tuesday, September 21st will be issued a $0.724 dividend. This is an increase from ENI’s previous Semi-Annual dividend of $0.58. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, September 20th. ENI’s dividend payout ratio is -166.67%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Liberty Wealth Management LLC lifted its stake in shares of ENI by 2,339.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 683 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 655 shares during the period. Bessemer Group Inc. raised its position in ENI by 5,470.3% during the first quarter. Bessemer Group Inc. now owns 2,061 shares of the oil and gas exploration company’s stock worth $51,000 after acquiring an additional 2,024 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in ENI during the second quarter worth $149,000. Eaton Vance Management acquired a new position in ENI during the first quarter worth $150,000. Finally, Bank of Montreal Can raised its position in ENI by 8.7% during the first quarter. Bank of Montreal Can now owns 7,905 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 636 shares during the period. Hedge funds and other institutional investors own 1.20% of the company’s stock.

Several research analysts recently commented on E shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ENI in a research note on Thursday. reiterated a “neutral” rating and set a $70.00 price objective on shares of ENI in a research note on Wednesday, June 30th. Citigroup boosted their price objective on shares of ENI to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of ENI in a research note on Monday, July 19th. Finally, BNP Paribas raised shares of ENI from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, ENI currently has a consensus rating of “Hold” and an average price target of $55.33.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Eni gas e luce, Power & Renewables, and Corporate and Other Activities.

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