Eni SpA (NYSE:E) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 501,177 shares, a drop of 54.8% from the August 31st total of 1,108,311 shares. Based on an average daily trading volume, of 262,806 shares, the days-to-cover ratio is presently 1.9 days.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Eni SpA from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.99.
Eni SpA (NYSE:E) opened at 28.98 on Tuesday. The company’s market capitalization is $53.85 billion. Eni SpA has a 52 week low of $24.73 and a 52 week high of $36.02. The stock’s 50 day moving average price is $29.74 and its 200 day moving average price is $30.58.
The company also recently declared a dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.648 per share. This is an increase from Eni SpA’s previous dividend of $0.64. The ex-dividend date is Friday, September 16th. Eni SpA’s dividend payout ratio is -19.91%.
A number of hedge funds and other institutional investors have recently bought and sold shares of E. Ngam Advisors L.P. increased its position in Eni SpA by 14.0% in the first quarter. Ngam Advisors L.P. now owns 75,517 shares of the oil and gas exploration company’s stock worth $2,283,000 after buying an additional 9,268 shares during the period. RMB Capital Management LLC increased its position in Eni SpA by 18.6% in the first quarter. RMB Capital Management LLC now owns 59,450 shares of the oil and gas exploration company’s stock worth $1,797,000 after buying an additional 9,320 shares during the period. Franklin Resources Inc. increased its position in Eni SpA by 5.8% in the first quarter. Franklin Resources Inc. now owns 316,489 shares of the oil and gas exploration company’s stock worth $9,564,000 after buying an additional 17,299 shares during the period. Bessemer Group Inc. increased its position in Eni SpA by 84.7% in the first quarter. Bessemer Group Inc. now owns 2,664,638 shares of the oil and gas exploration company’s stock worth $80,525,000 after buying an additional 1,222,313 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Eni SpA by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 258,054 shares of the oil and gas exploration company’s stock worth $7,799,000 after buying an additional 18,409 shares during the period. 1.74% of the stock is currently owned by institutional investors and hedge funds.
About Eni SpA
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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