Short Interest in Eni S.p.A. (NYSE:E) Increases By 5.1%

Eni S.p.A. (NYSE:E) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 808,200 shares, a growth of 5.1% from the November 30th total of 769,300 shares. Based on an average daily trading volume, of 284,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.1% of the company’s shares are short sold.

ENI Stock Up 0.6 %

Shares of E stock opened at $27.53 on Friday. ENI has a 12-month low of $26.12 and a 12-month high of $34.21. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $28.53 and a 200-day moving average of $30.25. The company has a market capitalization of $46.47 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.68 and a beta of 0.93.

Hedge Funds Weigh In On ENI

A number of large investors have recently added to or reduced their stakes in E. HighTower Advisors LLC raised its holdings in shares of ENI by 125.1% in the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after purchasing an additional 26,646 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in ENI by 100.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after buying an additional 35,730 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in ENI during the 2nd quarter worth about $3,079,000. Stifel Financial Corp boosted its stake in shares of ENI by 248.5% during the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after buying an additional 26,013 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of ENI by 138.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock valued at $171,000 after acquiring an additional 3,218 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Four 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, ENI has a consensus rating of “Moderate Buy” and an average target price of $39.60.

ENI Company Profile

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.