Nationwide Fund Advisors Lowers Position in Energen Co. (EGN)
Nationwide Fund Advisors trimmed its holdings in shares of Energen Co. (NYSE:EGN) by 8.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,417 shares of the oil and gas producer’s stock after selling 15,846 shares during the quarter. Nationwide Fund Advisors owned 0.18% of Energen worth $9,537,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of EGN. Creative Planning grew its stake in shares of Energen by 8.0% during the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after acquiring an additional 250 shares in the last quarter. Aperio Group LLC grew its stake in shares of Energen by 17.3% during the 2nd quarter. Aperio Group LLC now owns 13,506 shares of the oil and gas producer’s stock worth $667,000 after acquiring an additional 1,990 shares in the last quarter. US Bancorp DE grew its stake in shares of Energen by 16.4% during the 2nd quarter. US Bancorp DE now owns 22,919 shares of the oil and gas producer’s stock worth $1,132,000 after acquiring an additional 3,233 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Energen during the 2nd quarter worth approximately $423,000. Finally, Great West Life Assurance Co. Can grew its stake in shares of Energen by 0.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 58,112 shares of the oil and gas producer’s stock worth $2,867,000 after acquiring an additional 520 shares in the last quarter. 96.11% of the stock is owned by institutional investors.
Shares of Energen Co. (EGN) opened at $52.87 on Thursday. Energen Co. has a twelve month low of $46.16 and a twelve month high of $63.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53.
Energen (NYSE:EGN) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The business had revenue of $191.50 million during the quarter, compared to the consensus estimate of $242.81 million. During the same quarter last year, the firm posted ($0.22) EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. research analysts anticipate that Energen Co. will post 0.47 earnings per share for the current fiscal year.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of Energen stock in a transaction on Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. Barclays set a $57.00 price target on shares of Energen and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Mizuho reaffirmed a “buy” rating and set a $69.00 price target on shares of Energen in a research note on Friday, September 29th. ValuEngine cut shares of Energen from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Citigroup decreased their price target on shares of Energen from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, Seaport Global Securities raised Energen from a “sell” rating to a “neutral” rating and increased their price objective for the company from $38.00 to $46.00 in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $66.17.
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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