Eni SpA (NYSE:E) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 436,600 shares, a growth of 84.2% from the July 31st total of 237,000 shares. Based on an average daily trading volume, of 196,300 shares, the short-interest ratio is presently 2.2 days. Currently, 0.0% of the company’s shares are sold short.
Hedge funds have recently bought and sold shares of the company. Eagle Global Advisors LLC lifted its stake in shares of ENI by 2.5% in the 2nd quarter. Eagle Global Advisors LLC now owns 62,600 shares of the oil and gas exploration company’s stock valued at $2,068,000 after purchasing an additional 1,500 shares during the period. Gradient Investments LLC raised its stake in ENI by 60.3% during the 2nd quarter. Gradient Investments LLC now owns 54,339 shares of the oil and gas exploration company’s stock worth $1,795,000 after buying an additional 20,432 shares during the period. Fortem Financial Group LLC acquired a new stake in ENI during the 2nd quarter worth $209,000. O Shaughnessy Asset Management LLC raised its stake in ENI by 282.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 55,221 shares of the oil and gas exploration company’s stock worth $1,946,000 after buying an additional 40,790 shares during the period. Finally, SG Americas Securities LLC raised its stake in ENI by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 35,286 shares of the oil and gas exploration company’s stock worth $1,165,000 after buying an additional 16,477 shares during the period. 1.60% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on E. Credit Suisse Group downgraded ENI from an “outperform” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Wednesday, September 4th. Santander raised ENI from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research raised ENI from a “strong sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. ENI currently has an average rating of “Hold” and an average target price of $20.67.
Shares of E stock traded up $0.38 during trading hours on Friday, reaching $31.10. The company had a trading volume of 30,560 shares, compared to its average volume of 218,538. The company has a 50 day moving average of $30.11 and a 200 day moving average of $32.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.16. The firm has a market cap of $56.17 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.91 and a beta of 0.74. ENI has a 1-year low of $28.54 and a 1-year high of $39.16.
ENI (NYSE:E) last posted its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.29). The company had revenue of $21.16 billion during the quarter. ENI had a net margin of 4.59% and a return on equity of 8.51%. As a group, sell-side analysts forecast that ENI will post 2.31 EPS for the current fiscal year.
The business also recently declared a — dividend, which will be paid on Thursday, October 10th. Stockholders of record on Tuesday, September 24th will be paid a $0.9545 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 23rd. ENI’s dividend payout ratio (DPR) is currently 44.00%.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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