Energen Corp. (EGN) Stake Maintained by Advisors Asset Management Inc.
Advisors Asset Management Inc. held its position in shares of Energen Corp. (NYSE:EGN) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,500 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Energen Corp. were worth $121,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of Energen Corp. by 31.4% in the first quarter. Prudential Financial Inc. now owns 63,199 shares of the company’s stock valued at $2,312,000 after buying an additional 15,110 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Energen Corp. by 3,371.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 520,790 shares of the company’s stock worth $19,056,000 after buying an additional 505,790 shares during the last quarter. Bogle Investment Management L P DE bought a new position in Energen Corp. during the first quarter worth approximately $1,484,000. HBK Investments L P boosted its position in Energen Corp. by 125.5% in the first quarter. HBK Investments L P now owns 100,289 shares of the company’s stock worth $3,670,000 after buying an additional 55,815 shares during the last quarter. Finally, Elliott Management Corp bought a new position in Energen Corp. during the first quarter worth approximately $6,037,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.
Energen Corp. (NYSE:EGN) traded down 2.07% during mid-day trading on Friday, reaching $57.13. The company had a trading volume of 1,496,279 shares. The stock’s 50-day moving average is $55.95 and its 200 day moving average is $47.55. The firm’s market capitalization is $5.55 billion. Energen Corp. has a 12 month low of $20.76 and a 12 month high of $61.98.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. The firm earned $105.80 million during the quarter, compared to the consensus estimate of $144.31 million. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The firm’s revenue was down 37.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. On average, analysts predict that Energen Corp. will post ($1.37) earnings per share for the current fiscal year.
EGN has been the topic of a number of recent analyst reports. Tudor Pickering raised shares of Energen Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 16th. Zacks Investment Research raised shares of Energen Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, August 5th. KeyCorp upped their target price on shares of Energen Corp. from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Credit Suisse Group AG upped their target price on shares of Energen Corp. from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Tuesday, June 21st. Finally, Barclays PLC initiated coverage on shares of Energen Corp. in a research report on Tuesday, June 21st. They issued an “equal weight” rating and a $50.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Energen Corp. presently has an average rating of “Buy” and a consensus price target of $56.39.
In related news, Chairman J T. Mcmanus sold 10,216 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $52.58, for a total transaction of $537,157.28. Following the completion of the transaction, the chairman now directly owns 103,789 shares in the company, valued at approximately $5,457,225.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.02% of the company’s stock.
About Energen Corp.
Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.
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