Eni S.p.A. (NYSE:E) Short Interest Down 13.5% in November

Eni S.p.A. (NYSE:E - Get Free Report) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 771,900 shares, a drop of 13.5% from the October 31st total of 892,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 267,000 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Ratings Changes

E has been the subject of several analyst reports. Morgan Stanley raised shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price objective for the company in a report on Thursday, August 29th. Sanford C. Bernstein cut ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a report on Friday, September 13th. StockNews.com raised ENI from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of ENI in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, ENI has a consensus rating of "Moderate Buy" and an average price target of $39.60.

ENI Trading Down 0.1 %

Shares of NYSE E traded down $0.04 during trading hours on Friday, hitting $28.18. The company's stock had a trading volume of 168,634 shares, compared to its average volume of 223,236. ENI has a 12 month low of $28.03 and a 12 month high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The business has a 50-day simple moving average of $30.27 and a 200-day simple moving average of $30.84. The stock has a market cap of $47.57 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.23 and a beta of 0.95.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after purchasing an additional 404 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 worth $171,000 after acquiring an additional 3,218 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of ENI during the 3rd quarter valued at approximately $212,000. Townsquare Capital LLC bought a new stake in ENI in the third quarter worth $231,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of ENI during the 3rd quarter valued at about $239,000. 1.18% of the stock is currently owned by institutional investors.

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.