Eni S.p.A. (NYSE:E) Short Interest Down 5.3% in October

Eni S.p.A. (NYSE:E) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 892,600 shares, a drop of 5.3% from the October 15th total of 943,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 248,900 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

E has been the topic of a number of research reports. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note 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 research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, ENI currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in shares of ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after acquiring an additional 288,968 shares during the last quarter. Marshall Wace LLP bought a new position in ENI in the 2nd quarter valued at approximately $6,875,000. FMR LLC boosted its position in ENI by 33.5% in the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of ENI during the second quarter worth $3,764,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of ENI during the second quarter worth $3,141,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Up 0.9 %

Shares of ENI stock opened at $29.96 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. ENI has a 12-month low of $28.74 and a 12-month high of $34.30. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.30 and a beta of 0.95. The firm’s 50-day moving average price is $30.74 and its two-hundred day moving average price is $31.07.

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.