Eni SpA (NYSE:E) was the recipient of a significant 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 volume of 262,806 shares, the short-interest ratio is currently 1.9 days.
Eni SpA (NYSE:E) opened at 29.65 on Friday. The stock has a 50 day moving average price of $29.62 and a 200 day moving average price of $30.55. Eni SpA has a 52-week low of $24.73 and a 52-week high of $36.02. The stock’s market cap is $55.10 billion.
The business also recently disclosed 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 a boost from Eni SpA’s previous dividend of $0.64. The ex-dividend date is Friday, September 16th. Eni SpA’s dividend payout ratio is -19.75%.
Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of 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. Private Bank & Trust Co. bought a new stake in shares of Eni SpA during the second quarter worth $250,000. Glenmede Trust Co. NA boosted its stake in shares of Eni SpA by 17,837.3% in the second quarter. Glenmede Trust Co. NA now owns 149,597 shares of the oil and gas exploration company’s stock worth $4,838,000 after buying an additional 148,763 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Eni SpA by 127.7% in the second quarter. BlackRock Advisors LLC now owns 382,170 shares of the oil and gas exploration company’s stock worth $12,363,000 after buying an additional 214,300 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of 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. Hedge funds and other institutional investors own 1.74% of the company’s stock.
A number of brokerages recently commented on E. Zacks Investment Research lowered Eni SpA from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. Finally, Deutsche Bank AG raised Eni SpA from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Eni SpA has a consensus rating of “Hold” and an average target price of $25.99.
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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