Retirement Systems of Alabama boosted its stake in Energen Corporation (NYSE:EGN) by 5.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 250,839 shares of the oil and gas producer’s stock after buying an additional 13,421 shares during the period. Retirement Systems of Alabama’s holdings in Energen Corporation were worth $12,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Treasurer State of Michigan boosted its position in shares of Energen Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 39,400 shares of the oil and gas producer’s stock valued at $2,145,000 after buying an additional 300 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Energen Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 57,592 shares of the oil and gas producer’s stock valued at $3,133,000 after buying an additional 2,256 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Energen Corporation by 157.9% in the first quarter. Tocqueville Asset Management L.P. now owns 147,000 shares of the oil and gas producer’s stock valued at $8,003,000 after buying an additional 90,000 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Energen Corporation by 138.0% in the first quarter. Canada Pension Plan Investment Board now owns 266,800 shares of the oil and gas producer’s stock valued at $14,525,000 after buying an additional 154,700 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Energen Corporation by 0.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 37,060 shares of the oil and gas producer’s stock valued at $2,018,000 after buying an additional 250 shares during the last quarter. Institutional investors own 95.64% of the company’s stock.

Shares of Energen Corporation (NYSE:EGN) opened at 49.69 on Thursday. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.44. The firm has a market capitalization of $4.83 billion, a PE ratio of 70.38 and a beta of 1.93. The firm has a 50-day moving average of $49.85 and a 200-day moving average of $52.74. Energen Corporation also was the recipient of unusually large options trading on Monday. Stock traders acquired 13,292 call options on the company. This is an increase of approximately 1,113% compared to the typical volume of 1,096 call options.

Energen Corporation (NYSE:EGN) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The firm had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s revenue was up 142.8% on a year-over-year basis. On average, equities research analysts anticipate that Energen Corporation will post $0.45 EPS for the current fiscal year.

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Several brokerages have commented on EGN. Credit Suisse Group reiterated an “outperform” rating and issued a $73.00 target price on shares of Energen Corporation in a report on Friday, June 2nd. Barclays PLC reiterated a “hold” rating and issued a $63.00 target price on shares of Energen Corporation in a report on Wednesday, May 24th. Royal Bank Of Canada set a $65.00 target price on shares of Energen Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 target price on shares of Energen Corporation in a report on Friday, May 26th. Finally, Wolfe Research began coverage on shares of Energen Corporation in a report on Thursday, June 15th. They issued a “market perform” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Energen Corporation presently has a consensus rating of “Buy” and a consensus target price of $66.68.

In other news, Director Alan A. Kleier purchased 1,000 shares of Energen Corporation stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $47.59 per share, with a total value of $47,590.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $71,385. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Energen Corporation 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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Institutional Ownership by Quarter for Energen Corporation (NYSE:EGN)

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