Energen Corporation (EGN) Stake Held by Employees Retirement System of Texas
Employees Retirement System of Texas maintained its position in shares of Energen Corporation (NYSE:EGN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,000 shares of the company’s stock at the end of the fourth quarter. Employees Retirement System of Texas owned 0.12% of Energen Corporation worth $6,574,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of EGN. UBS Asset Management Americas Inc. increased its position in shares of Energen Corporation by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 106,570 shares of the company’s stock valued at $6,152,000 after buying an additional 3,085 shares during the last quarter. Boston Partners increased its position in shares of Energen Corporation by 63.7% in the third quarter. Boston Partners now owns 8,491,220 shares of the company’s stock valued at $490,114,000 after buying an additional 3,303,337 shares during the last quarter. Sprott Inc. acquired a new position in shares of Energen Corporation during the third quarter valued at approximately $2,886,000. Canada Pension Plan Investment Board increased its position in shares of Energen Corporation by 208.2% in the third quarter. Canada Pension Plan Investment Board now owns 102,000 shares of the company’s stock valued at $5,887,000 after buying an additional 68,900 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Energen Corporation by 0.3% in the third quarter. State Treasurer State of Michigan now owns 39,100 shares of the company’s stock valued at $2,257,000 after buying an additional 100 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Energen Corporation (NYSE:EGN) traded down 1.91% during mid-day trading on Thursday, reaching $55.92. The company had a trading volume of 1,206,234 shares. Energen Corporation has a 12-month low of $23.34 and a 12-month high of $64.43. The stock has a 50 day moving average price of $55.78 and a 200 day moving average price of $55.82. The firm’s market capitalization is $5.43 billion.
Energen Corporation (NYSE:EGN) last released its quarterly earnings results on Thursday, February 9th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.06. Energen Corporation had a negative net margin of 31.43% and a negative return on equity of 4.19%. The business earned $114.52 million during the quarter, compared to analysts’ expectations of $156.01 million. During the same period in the previous year, the business earned $0.27 EPS. The business’s revenue was down 40.6% on a year-over-year basis. On average, equities analysts forecast that Energen Corporation will post $0.32 earnings per share for the current year.
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Several research analysts have commented on EGN shares. Credit Suisse Group boosted their target price on Energen Corporation from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Stephens raised Energen Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 4th. TheStreet downgraded Energen Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. Drexel Hamilton reissued a “buy” rating and set a $71.00 target price on shares of Energen Corporation in a research note on Wednesday, December 21st. Finally, RBC Capital Markets reissued a “hold” rating and set a $63.00 target price on shares of Energen Corporation in a research note on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.76.
In other Energen Corporation news, Chairman J T. Mcmanus sold 16,662 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $57.10, for a total value of $951,400.20. Following the sale, the chairman now owns 125,107 shares of the company’s stock, valued at approximately $7,143,609.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.
About Energen Corporation
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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