Energen Corporation (EGN) Shares Sold by Eagle Asset Management Inc.
Eagle Asset Management Inc. decreased its stake in Energen Corporation (NYSE:EGN) by 61.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,838 shares of the oil and gas producer’s stock after selling 44,202 shares during the quarter. Eagle Asset Management Inc.’s holdings in Energen Corporation were worth $1,374,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flinton Capital Management LLC grew its position in shares of Energen Corporation by 10.8% in the first quarter. Flinton Capital Management LLC now owns 2,944 shares of the oil and gas producer’s stock valued at $160,000 after purchasing an additional 288 shares during the period. Creative Planning grew its position in shares of Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after purchasing an additional 250 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of Energen Corporation in the first quarter valued at about $200,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Energen Corporation by 26.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,819 shares of the oil and gas producer’s stock valued at $208,000 after purchasing an additional 806 shares during the period. Finally, Meadow Creek Investment Management LLC grew its position in shares of Energen Corporation by 10.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,048 shares of the oil and gas producer’s stock valued at $220,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.
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In other news, Director Alan A. Kleier bought 1,000 shares of Energen Corporation stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $71,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Energen Corporation (NYSE EGN) opened at 51.03 on Tuesday. The firm’s 50-day moving average is $50.65 and its 200-day moving average is $52.05. The stock has a market capitalization of $4.96 billion, a P/E ratio of 80.74 and a beta of 1.94. Energen Corporation has a 52 week low of $46.16 and a 52 week high of $64.43.
Energen Corporation (NYSE:EGN) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The firm’s quarterly revenue was up 142.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) EPS. On average, equities research analysts predict that Energen Corporation will post $0.40 EPS for the current fiscal year.
Several brokerages have recently issued reports on EGN. BMO Capital Markets reiterated a “hold” rating and issued a $70.00 target price on shares of Energen Corporation in a research report on Thursday, June 22nd. ValuEngine upgraded shares of Energen Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Seaport Global Securities upgraded shares of Energen Corporation from a “sell” rating to a “neutral” rating and lifted their target price for the company from $38.00 to $46.00 in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Energen Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada set a $65.00 target price on shares of Energen Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. Energen Corporation currently has a consensus rating of “Buy” and a consensus price target of $65.48.
Energen Corporation 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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