Eni SpA (NYSE:E) Sees Large Decrease in Short Interest

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ENI

Several large investors have recently bought and sold shares of E. DV Equities LLC acquired a new position in ENI in the fourth quarter valued at $35,000. Manchester Capital Management LLC grew its holdings in shares of ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 437 shares during the period. Advisory Services Network LLC purchased a new stake in shares of ENI in the third quarter valued at about $47,000. Larson Financial Group LLC increased its position in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after purchasing an additional 378 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of ENI during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of E stock traded up $1.41 during trading hours on Monday, reaching $54.22. The company had a trading volume of 28,992 shares, compared to its average volume of 452,650. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23. The stock has a fifty day moving average of $51.40 and a 200-day moving average of $51.80. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.24 and a beta of 0.39.

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 firm had revenue of $25.87 billion for the quarter, compared to analyst estimates of $27.93 billion. On average, equities analysts anticipate that ENI will post 5.77 earnings per share for the current year.

About ENI

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.