Eni SpA (E) Sees Large Decline in Short Interest
Eni SpA (NYSE:E) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 501,177 shares, a decline 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.
E has been the subject of several recent research reports. Zacks Investment Research raised Eni SpA from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. One investment 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. Eni SpA has an average rating of “Hold” and an average price target of $25.99.
A number of large investors have recently made changes to their positions in the stock. JFS Wealth Advisors LLC raised its stake in shares of Eni SpA by 10.3% in the second quarter. JFS Wealth Advisors LLC now owns 4,598 shares of the oil and gas exploration company’s stock worth $149,000 after buying an additional 428 shares in the last quarter. US Bancorp DE raised its stake in shares of Eni SpA by 1.0% in the second quarter. US Bancorp DE now owns 7,196 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 73 shares in the last quarter. Connable Office Inc. purchased a new stake in shares of Eni SpA during the second quarter worth about $238,000. Brinker Capital Inc. purchased a new stake in shares of Eni SpA during the second quarter worth about $245,000. Finally, Advisor Group Inc. purchased a new stake in shares of Eni SpA during the second quarter worth about $248,000. 1.74% of the stock is currently owned by institutional investors and hedge funds.
Eni SpA (NYSE:E) opened at 28.98 on Tuesday. The firm’s market capitalization is $53.85 billion. The stock’s 50 day moving average price is $29.74 and its 200-day moving average price is $30.58. Eni SpA has a one year low of $24.73 and a one year high of $36.02.
The company also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 20th will be given a $0.648 dividend. The ex-dividend date of this dividend is Friday, September 16th. This is a positive change from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio (DPR) is currently -19.91%.
Eni SpA Company Profile
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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