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

Eni S.p.A. (NYSE:E - Get Free Report) 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 248,900 shares, the days-to-cover ratio is currently 3.6 days.

Analyst Upgrades and Downgrades

E has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a report on Friday, September 13th. Royal Bank of Canada upgraded ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. Sanford C. Bernstein lowered ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Finally, StockNews.com upgraded ENI from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.60.

ENI Trading Up 0.9 %

Shares of E traded up $0.26 during midday trading on Monday, hitting $29.95. 239,619 shares of the stock were exchanged, compared to its average volume of 290,654. ENI has a 52-week low of $28.74 and a 52-week high of $34.30. The stock has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $31.08. The firm has a market cap of $50.55 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.30 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Trading of ENI

Several hedge funds have recently modified their holdings of E. Manning & Napier Advisors LLC acquired a new stake in ENI in the second quarter valued at $3,764,000. Lighthouse Investment Partners LLC acquired a new stake in ENI in the second quarter valued at $3,079,000. Allspring Global Investments Holdings LLC raised its stake in ENI by 138.5% in the second 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 buying an additional 3,218 shares in the last quarter. Atomi Financial Group Inc. raised its stake in ENI by 13.3% in the second quarter. Atomi Financial Group Inc. now owns 8,151 shares of the oil and gas exploration company's stock valued at $251,000 after buying an additional 956 shares in the last quarter. Finally, Raymond James & Associates raised its stake in ENI by 1.0% in the second quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company's stock valued at $15,401,000 after buying an additional 4,882 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.