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

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

ENI Trading Up 0.6 %

Shares of E opened at $27.36 on Thursday. ENI has a one year low of $26.12 and a one year high of $34.30. The stock has a 50-day moving average price of $28.60 and a 200 day moving average price of $30.27. 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 company has a market capitalization of $46.18 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.68 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on E. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ENI currently has an average rating of “Moderate Buy” and a consensus target price of $39.60.

Institutional Trading of ENI

Hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC grew its position 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 worth $77,179,000 after acquiring an additional 288,968 shares in the last quarter. FMR LLC boosted its holdings 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 worth $17,691,000 after purchasing an additional 146,431 shares during the period. Raymond James & Associates raised its holdings in shares of ENI by 0.7% during the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after purchasing an additional 3,738 shares during the period. American Century Companies Inc. lifted its position in shares of ENI by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock worth $10,263,000 after buying an additional 22,695 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of ENI in the 2nd quarter valued at about $6,875,000. 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.