Eni S.p.A. (NYSE:E) Sees Large Growth in Short Interest

Eni S.p.A. (NYSE:E - Get Free Report) saw a large growth in short interest during 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 volume of 284,300 shares, the short-interest ratio is presently 2.8 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a report on Friday, September 13th. Jefferies Financial Group reaffirmed a "buy" rating on shares of ENI in a report on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein downgraded shares of ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Four investment 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $39.60.

ENI Price Performance

Shares of NYSE E traded up $0.16 during trading hours on Wednesday, hitting $27.36. 252,366 shares of the stock were exchanged, compared to its average volume of 293,765. The company's fifty day simple moving average is $28.60 and its two-hundred day simple moving average is $30.27. The company has a market cap of $46.18 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 1-year low of $26.12 and a 1-year high of $34.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC lifted its stake in shares of ENI by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company's stock valued at $77,179,000 after acquiring an additional 288,968 shares during the last quarter. Marshall Wace LLP acquired a new position in ENI in the 2nd quarter worth about $6,875,000. FMR LLC raised 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 purchasing an additional 146,431 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of ENI during the second quarter valued at about $3,141,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of ENI during the second quarter worth about $3,079,000. Institutional investors and hedge funds own 1.18% of the company's stock.

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.