Chartwell Investment Partners LLC increased its holdings in shares of Energen Co. (NYSE:EGN) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,981 shares of the oil and gas producer’s stock after purchasing an additional 1,951 shares during the period. Chartwell Investment Partners LLC’s holdings in Energen were worth $3,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EGN. Third Point LLC purchased a new position in Energen during the 2nd quarter worth $98,307,000. SG Americas Securities LLC raised its position in Energen by 763.0% during the 3rd quarter. SG Americas Securities LLC now owns 497,050 shares of the oil and gas producer’s stock worth $42,831,000 after buying an additional 439,454 shares during the last quarter. Morgan Stanley raised its position in Energen by 103.5% during the 2nd quarter. Morgan Stanley now owns 686,810 shares of the oil and gas producer’s stock worth $50,014,000 after buying an additional 349,259 shares during the last quarter. Renaissance Technologies LLC raised its position in Energen by 335.0% during the 2nd quarter. Renaissance Technologies LLC now owns 293,200 shares of the oil and gas producer’s stock worth $21,351,000 after buying an additional 225,800 shares during the last quarter. Finally, Perella Weinberg Partners Capital Management LP purchased a new position in Energen during the 3rd quarter worth $19,364,000. Institutional investors own 86.86% of the company’s stock.

Shares of EGN opened at $73.50 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $7.17 billion, a PE ratio of 23.19 and a beta of 1.50. Energen Co. has a 52-week low of $47.81 and a 52-week high of $89.83.

Energen (NYSE:EGN) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. The business had revenue of $380.88 million during the quarter, compared to the consensus estimate of $364.64 million. Energen had a net margin of 31.37% and a return on equity of 8.70%. On average, equities research analysts forecast that Energen Co. will post 3.57 EPS for the current fiscal year.

In other news, VP Russell E. Jr. Lynch sold 2,233 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $77.80, for a total value of $173,727.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.05% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Energen from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Monday, October 1st. Morgan Stanley upped their price objective on shares of Energen from $76.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. National Alliance Securities downgraded shares of Energen from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine upgraded shares of Energen from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Finally, KLR Group restated a “buy” rating and set a $91.00 price objective on shares of Energen in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Energen has an average rating of “Hold” and an average price target of $78.35.

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Energen Company Profile

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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 (NYSE:EGN)

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