Eni SpA (NYSE:E) Short Interest Down 39.0% in August

Key Points

• ENI’s short interest fell 39% in August to 831,799 shares, representing roughly 2.6 days of average trading volume.
• Shares traded at $54.22, near the upper end of their 12-month range, while the company reported quarterly EPS of $1.76, exceeding analysts’ $1.66 estimate despite revenue below expectations.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating, although some firms recently downgraded the stock to “Hold”; the average price target is $42.30.

Eni SpA (NYSE:E - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 831,799 shares, a drop of 39.0% from the July 30th total of 1,364,063 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 315,855 shares, the days-to-cover ratio is presently 2.6 days.

ENI Price Performance

E stock traded up $1.41 during trading on Monday, reaching $54.22. 28,992 shares of the company were exchanged, compared to its average volume of 452,650. ENI has a twelve month low of $34.03 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.24 and a beta of 0.39. The company has a 50-day moving average of $51.40 and a two-hundred day moving average of $51.80.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion for the quarter, compared to analysts' expectations of $27.93 billion. As a group, equities analysts predict that ENI will post 5.77 earnings per share for the current fiscal year.

Institutional Trading of ENI

Hedge funds and other institutional investors have recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of ENI in the 4th quarter valued at about $35,000. Manchester Capital Management LLC raised its stake in ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company's stock valued at $46,000 after buying an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new stake in ENI during the 3rd quarter valued at about $47,000. CIBC Private Wealth Group LLC purchased a new position in ENI in the 3rd quarter worth approximately $48,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of ENI by 320.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company's stock valued at $52,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors own 1.18% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on E. Weiss Ratings lowered shares of ENI from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 18th. Zacks Research upgraded ENI from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. Wall Street Zen upgraded ENI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Erste Group Bank lowered ENI from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.30.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm's activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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