Energen Corporation (EGN) Position Raised by Creative Planning
Creative Planning boosted its stake in shares of Energen Corporation (NYSE:EGN) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,390 shares of the oil and gas producer’s stock after buying an additional 250 shares during the period. Creative Planning’s holdings in Energen Corporation were worth $167,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Energen Corporation by 5,491.7% in the first quarter. BlackRock Inc. now owns 9,266,613 shares of the oil and gas producer’s stock valued at $504,475,000 after buying an additional 9,100,891 shares during the period. Vanguard Group Inc. increased its stake in shares of Energen Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 9,158,242 shares of the oil and gas producer’s stock valued at $498,574,000 after buying an additional 466,977 shares during the period. State Street Corp increased its stake in shares of Energen Corporation by 4.1% in the first quarter. State Street Corp now owns 3,306,183 shares of the oil and gas producer’s stock valued at $179,991,000 after buying an additional 131,399 shares during the period. Credit Suisse AG increased its stake in shares of Energen Corporation by 2,708.2% in the first quarter. Credit Suisse AG now owns 2,993,073 shares of the oil and gas producer’s stock valued at $162,943,000 after buying an additional 2,886,489 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Energen Corporation by 14.5% in the first quarter. Victory Capital Management Inc. now owns 2,841,906 shares of the oil and gas producer’s stock valued at $154,713,000 after buying an additional 360,145 shares during the period. 95.64% of the stock is currently owned by institutional investors.
Shares of Energen Corporation (NYSE:EGN) traded down 0.04% during trading on Thursday, hitting $49.67. 313,137 shares of the stock traded hands. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 78.59 and a beta of 1.93. The stock has a 50 day moving average of $49.85 and a 200 day moving average of $52.74. Energen Corporation has a 52-week low of $46.10 and a 52-week high of $64.43. Energen Corporation also was the target of unusually large options trading on Monday. Stock investors purchased 13,292 call options on the company. This is an increase of 1,113% compared to the typical volume of 1,096 call options.
Energen Corporation (NYSE:EGN) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) 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 business had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. During the same period last year, the company earned ($0.28) EPS. The company’s revenue for the quarter was up 142.8% on a year-over-year basis. Analysts expect that Energen Corporation will post $0.45 EPS for the current year.
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Several analysts recently commented on EGN shares. Zacks Investment Research downgraded shares of Energen Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC reissued a “hold” rating and set a $63.00 price objective on shares of Energen Corporation in a research report on Wednesday, May 24th. BMO Capital Markets reissued a “hold” rating and set a $70.00 price objective on shares of Energen Corporation in a research report on Friday, May 5th. Williams Capital increased their price objective on shares of Energen Corporation from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, Scotiabank reissued a “buy” rating and set a $56.00 price objective on shares of Energen Corporation in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.68.
In related news, Director Alan A. Kleier bought 1,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average cost of $47.59 per share, with a total value of $47,590.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $71,385. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.
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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