Jane Street Group LLC lowered its position in Energen Co. (NYSE:EGN) by 94.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,531 shares of the oil and gas producer’s stock after selling 207,844 shares during the period. Jane Street Group LLC’s holdings in Energen were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its position in Energen by 86.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 396,708 shares of the oil and gas producer’s stock worth $21,692,000 after purchasing an additional 184,416 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Energen in the 3rd quarter worth approximately $209,000. Cowen Inc. purchased a new stake in Energen in the 3rd quarter worth approximately $1,367,000. Keeley Teton Advisors LLC boosted its position in Energen by 5.7% in the 3rd quarter. Keeley Teton Advisors LLC now owns 174,364 shares of the oil and gas producer’s stock worth $9,534,000 after purchasing an additional 9,352 shares in the last quarter. Finally, NWQ Investment Management Company LLC boosted its position in Energen by 3.3% in the 3rd quarter. NWQ Investment Management Company LLC now owns 184,595 shares of the oil and gas producer’s stock worth $10,094,000 after purchasing an additional 5,940 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.
In related news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.
Several equities research analysts have commented on EGN shares. ValuEngine lowered Energen from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Imperial Capital started coverage on Energen in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $61.00 price objective on the stock. Morgan Stanley upped their price objective on Energen from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and issued a $79.00 price objective on shares of Energen in a research report on Sunday, September 3rd. Finally, Mizuho restated a “buy” rating and issued a $69.00 price objective on shares of Energen in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. Energen currently has a consensus rating of “Hold” and an average price target of $65.09.
Energen Co. (EGN) opened at $53.96 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. Energen Co. has a 52 week low of $46.16 and a 52 week high of $60.21.
Energen (NYSE:EGN) last announced its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ 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 period in the prior year, the company posted ($0.22) EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts predict that Energen Co. will post 0.48 earnings per share for the current fiscal year.
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Energen 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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