Thrivent Financial for Lutherans raised its stake in shares of Energen Co. (NYSE:EGN) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,510 shares of the oil and gas producer’s stock after buying an additional 1,280 shares during the period. Thrivent Financial for Lutherans’ holdings in Energen were worth $952,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of EGN. Boston Partners raised its position in shares of Energen by 63.7% in the third quarter. Boston Partners now owns 8,491,220 shares of the oil and gas producer’s stock valued at $490,114,000 after buying an additional 3,303,337 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Energen by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,668,208 shares of the oil and gas producer’s stock valued at $211,729,000 after buying an additional 134,768 shares in the last quarter. Victory Capital Management Inc. increased its position in Energen by 33.3% in the third quarter. Victory Capital Management Inc. now owns 2,308,249 shares of the oil and gas producer’s stock worth $133,233,000 after buying an additional 576,299 shares during the period. Prudential Financial Inc. increased its position in Energen by 581.9% in the third quarter. Prudential Financial Inc. now owns 896,856 shares of the oil and gas producer’s stock worth $51,767,000 after buying an additional 765,330 shares during the period. Finally, Northern Trust Corp increased its position in Energen by 2.8% in the third quarter. Northern Trust Corp now owns 826,573 shares of the oil and gas producer’s stock worth $47,711,000 after buying an additional 22,597 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.
Energen Co. (NYSE:EGN) traded down 0.15% during mid-day trading on Friday, hitting $51.66. The stock had a trading volume of 2,036,067 shares. Energen Co. has a 52 week low of $38.11 and a 52 week high of $64.43. The company’s 50 day moving average is $52.82 and its 200-day moving average is $55.38. The stock’s market capitalization is $5.02 billion.
Energen (NYSE:EGN) last announced its earnings results on Thursday, February 9th. The oil and gas producer reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.04. Energen had a negative net margin of 31.43% and a negative return on equity of 4.19%. The business had revenue of $114.52 million for the quarter, compared to analysts’ expectations of $156.01 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 40.6% on a year-over-year basis. On average, analysts expect that Energen Co. will post $0.50 EPS for the current fiscal year.
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A number of research firms have weighed in on EGN. Royal Bank of Canada reaffirmed a “hold” rating and set a $63.00 price target on shares of Energen in a research report on Wednesday, January 4th. BMO Capital Markets reiterated a “hold” rating and set a $70.00 price objective on shares of Energen in a research note on Wednesday, January 11th. Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Tuesday, February 14th. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price objective on shares of Energen in a research note on Wednesday, January 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Energen in a research note on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.39.
In other Energen news, insider John S. Richardson sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $52.20, for a total transaction of $339,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles W. Porter sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $54.60, for a total value of $327,600.00. The disclosure for this sale can be found here. Insiders have sold 32,895 shares of company stock valued at $1,831,492 in the last 90 days. Company insiders own 1.02% of the company’s stock.
Energen Company Profile
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.
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