BNP Paribas Arbitrage SA Sells 628,019 Shares of Energen Corporation (EGN)
BNP Paribas Arbitrage SA cut its stake in shares of Energen Corporation (NYSE:EGN) by 95.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,700 shares of the oil and gas producer’s stock after selling 628,019 shares during the period. BNP Paribas Arbitrage SA’s holdings in Energen Corporation were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Boston Partners raised its position in Energen Corporation by 5.7% during the second quarter. Boston Partners now owns 9,070,795 shares of the oil and gas producer’s stock valued at $447,825,000 after purchasing an additional 492,092 shares during the period. Victory Capital Management Inc. raised its position in Energen Corporation by 34.9% during the second quarter. Victory Capital Management Inc. now owns 3,832,506 shares of the oil and gas producer’s stock valued at $189,211,000 after purchasing an additional 990,600 shares during the period. State Street Corp raised its position in Energen Corporation by 0.7% during the second quarter. State Street Corp now owns 3,330,220 shares of the oil and gas producer’s stock valued at $164,414,000 after purchasing an additional 24,037 shares during the period. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Energen Corporation by 4.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,504,716 shares of the oil and gas producer’s stock worth $74,288,000 after buying an additional 65,823 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Energen Corporation by 26.0% in the second quarter. Franklin Resources Inc. now owns 1,240,582 shares of the oil and gas producer’s stock worth $61,248,000 after buying an additional 255,875 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.
Energen Corporation (EGN) opened at $56.08 on Friday. Energen Corporation has a 52 week low of $46.16 and a 52 week high of $64.44. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $242.81 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Energen Corporation’s revenue was up 3.9% compared to the same quarter last year. analysts anticipate that Energen Corporation will post 0.44 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Seaport Global Securities upgraded Energen Corporation from a “sell” rating to a “neutral” rating and increased their price target for the stock from $38.00 to $46.00 in a report on Friday, August 11th. Zacks Investment Research upgraded Energen Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Mizuho reiterated a “buy” rating and issued a $69.00 price target on shares of Energen Corporation in a report on Friday, September 29th. Stifel Nicolaus set a $80.00 price target on Energen Corporation and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Williams Capital set a $76.00 price target on Energen Corporation and gave the stock a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.17.
In related news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.
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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