Rhumbline Advisers increased its holdings in shares of Energen Corporation (NYSE:EGN) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,827 shares of the oil and gas producer’s stock after acquiring an additional 15,841 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Energen worth $10,708,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of EGN. Victory Capital Management Inc. lifted its holdings in Energen by 34.9% during the second quarter. Victory Capital Management Inc. now owns 3,832,506 shares of the oil and gas producer’s stock worth $189,211,000 after acquiring an additional 990,600 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Energen by 243.0% in the second quarter. Canada Pension Plan Investment Board now owns 915,100 shares of the oil and gas producer’s stock valued at $45,178,000 after buying an additional 648,300 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Energen by 2,585.5% in the second quarter. BNP Paribas Arbitrage SA now owns 659,719 shares of the oil and gas producer’s stock valued at $32,570,000 after buying an additional 635,153 shares during the period. Cibc World Markets Corp raised its stake in shares of Energen by 1,674.3% in the second quarter. Cibc World Markets Corp now owns 621,000 shares of the oil and gas producer’s stock valued at $30,659,000 after buying an additional 586,000 shares during the period. Finally, Boston Partners raised its stake in shares of Energen by 5.7% in the second quarter. Boston Partners now owns 9,070,795 shares of the oil and gas producer’s stock valued at $447,825,000 after buying an additional 492,092 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Energen Corporation (EGN) opened at $56.08 on Friday. Energen Corporation has a fifty-two week low of $46.16 and a fifty-two week high of $64.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58.
Energen (NYSE:EGN) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. During the same period in the prior year, the business earned ($0.22) EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. sell-side analysts predict that Energen Corporation will post 0.44 EPS for the current fiscal year.
Several analysts have issued reports on the company. Barclays PLC set a $57.00 target price on Energen and gave the company a “hold” rating in a research note on Tuesday, August 15th. Citigroup Inc. lowered their target price on Energen from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 15th. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price objective on shares of Energen in a research note on Sunday, September 3rd. Imperial Capital initiated coverage on Energen in a research note on Tuesday, August 22nd. They set an “outperform” rating and a $61.00 price objective on the stock. Finally, Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.17.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/11/26/energen-corporation-egn-position-increased-by-rhumbline-advisers.html.
Energen Corporation is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
Receive News & Ratings for Energen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen Corporation and related companies with MarketBeat.com's FREE daily email newsletter.