Quantitative Systematic Strategies LLC acquired a new position in shares of Energen (NYSE:EGN) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,444 shares of the oil and gas producer’s stock, valued at approximately $405,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Energen by 1.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,070,801 shares of the oil and gas producer’s stock worth $193,031,000 after acquiring an additional 31,379 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Energen by 86.2% during the 4th quarter. Millennium Management LLC now owns 2,928,514 shares of the oil and gas producer’s stock worth $168,595,000 after acquiring an additional 1,355,480 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Energen by 2.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,656,284 shares of the oil and gas producer’s stock worth $104,114,000 after acquiring an additional 34,809 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Energen by 12.2% during the 4th quarter. Franklin Resources Inc. now owns 1,438,419 shares of the oil and gas producer’s stock worth $82,810,000 after acquiring an additional 156,665 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Energen by 2.2% during the 4th quarter. Systematic Financial Management LP now owns 1,344,013 shares of the oil and gas producer’s stock worth $77,375,000 after acquiring an additional 29,302 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.
In other Energen news, Chairman J T. Mcmanus sold 3,116 shares of the company’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $58.06, for a total value of $180,914.96. Following the transaction, the chairman now owns 115,794 shares of the company’s stock, valued at approximately $6,722,999.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Z. Cohen acquired 17,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was acquired at an average cost of $57.36 per share, for a total transaction of $1,003,800.00. Following the transaction, the director now directly owns 17,500 shares in the company, valued at $1,003,800. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
Shares of Energen stock opened at $66.32 on Thursday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 39.21 and a beta of 1.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 0.53. Energen has a 52 week low of $65.32 and a 52 week high of $67.15.
Energen (NYSE:EGN) last announced its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The company had revenue of $356.17 million for the quarter, compared to the consensus estimate of $335.96 million. Energen had a return on equity of 4.95% and a net margin of 34.60%. Energen’s quarterly revenue was up 47.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. equities analysts expect that Energen will post 3.55 EPS for the current fiscal year.
EGN has been the topic of several recent research reports. SunTrust Banks set a $85.00 price objective on Energen and gave the stock a “buy” rating in a report on Monday, April 16th. Morgan Stanley boosted their target price on Energen from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 20th. Zacks Investment Research raised Energen from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, May 1st. Stifel Nicolaus set a $99.00 target price on Energen and gave the company a “buy” rating in a research report on Wednesday, March 28th. Finally, KeyCorp set a $70.00 target price on Energen and gave the company a “buy” rating in a research report on Sunday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.82.
Energen Company Profile
Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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