Macquarie Group Ltd. Decreases Stake in Energen Corporation (EGN)
Macquarie Group Ltd. decreased its position in Energen Corporation (NYSE:EGN) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,500 shares of the oil and gas producer’s stock after selling 740 shares during the quarter. Macquarie Group Ltd. owned about 0.11% of Energen Corporation worth $5,357,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of Energen Corporation by 2.3% in the second quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock valued at $264,000 after purchasing an additional 119 shares during the last quarter. Utah Retirement Systems grew its position in shares of Energen Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock valued at $880,000 after purchasing an additional 200 shares during the last quarter. 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 last quarter. PNC Financial Services Group Inc. grew its position in shares of Energen Corporation by 0.6% in the first quarter. PNC Financial Services Group Inc. now owns 47,789 shares of the oil and gas producer’s stock valued at $2,601,000 after purchasing an additional 273 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Energen Corporation by 0.4% in the second quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock valued at $4,191,000 after purchasing an additional 338 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on EGN shares. Citigroup Inc. upped their target price on Energen Corporation from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research downgraded Energen Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC started coverage on Energen Corporation in a research report on Monday, October 9th. They issued a “buy” rating and a $68.00 target price on the stock. Barclays PLC set a $57.00 target price on Energen Corporation and gave the company a “hold” rating in a research report on Tuesday, August 15th. Finally, Williams Capital upped their target price on Energen Corporation from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Energen Corporation presently has a consensus rating of “Buy” and an average price target of $66.00.
Shares of Energen Corporation (NYSE EGN) opened at 53.39 on Wednesday. The company has a market capitalization of $5.19 billion, a PE ratio of 84.48 and a beta of 1.95. The firm’s 50-day moving average price is $52.61 and its 200 day moving average price is $52.26. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.43.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The company had revenue of $256.82 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Energen Corporation’s quarterly revenue was up 142.8% on a year-over-year basis. Equities analysts predict that Energen Corporation will post $0.42 EPS for the current fiscal year.
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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