Eni S.p.A. (NYSE:E - Get Free Report) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 915,000 shares, an increase of 19.6% from the January 31st total of 765,300 shares. Based on an average trading volume of 286,400 shares, the short-interest ratio is currently 3.2 days. Approximately 0.1% of the company's stock are short sold.
Hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings 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. Northern Trust Corp boosted its stake in shares of ENI by 42.3% during the fourth quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock valued at $20,092,000 after purchasing an additional 218,391 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of ENI by 13.1% during the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock valued at $16,601,000 after purchasing an additional 70,507 shares in the last quarter. FMR LLC boosted its stake in shares of ENI by 33.5% during 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ENI during the fourth quarter valued at approximately $14,233,000. Institutional investors own 1.18% of the company's stock.
A number of analysts recently commented on E shares. UBS Group downgraded ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ENI currently has a consensus rating of "Hold" and a consensus price target of $31.60.
View Our Latest Stock Analysis on ENI
E traded up $0.06 during mid-day trading on Thursday, reaching $28.54. 347,444 shares of the company traded hands, compared to its average volume of 277,182. The stock has a market capitalization of $48.17 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company's fifty day moving average price is $28.52 and its 200-day moving average price is $29.55. ENI has a 52-week low of $26.12 and a 52-week high of $33.78.
The business also recently disclosed a -- dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be paid a $0.3549 dividend. The ex-dividend date is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI's dividend payout ratio (DPR) is 83.63%.
Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.
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