Ashburton Jersey Ltd raised its stake in Energen Corp. (NYSE:EGN) by 17.7% during the second quarter, Holdings Channel reports. The fund owned 28,820 shares of the company’s stock after buying an additional 4,340 shares during the period. Ashburton Jersey Ltd’s holdings in Energen Corp. were worth $1,389,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. increased its position in Energen Corp. by 31.4% in the first quarter. Prudential Financial Inc. now owns 63,199 shares of the company’s stock valued at $2,312,000 after buying an additional 15,110 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Energen Corp. by 3,371.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 520,790 shares of the company’s stock valued at $19,056,000 after buying an additional 505,790 shares in the last quarter. Bogle Investment Management L P DE purchased a new position in Energen Corp. during the first quarter valued at about $1,484,000. Retirement Systems of Alabama increased its position in Energen Corp. by 6.2% in the second quarter. Retirement Systems of Alabama now owns 294,215 shares of the company’s stock valued at $14,184,000 after buying an additional 17,069 shares in the last quarter. Finally, HBK Investments L P increased its position in Energen Corp. by 125.5% in the first quarter. HBK Investments L P now owns 100,289 shares of the company’s stock valued at $3,670,000 after buying an additional 55,815 shares in the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Energen Corp. (NYSE:EGN) traded down 1.00% during midday trading on Tuesday, hitting $56.25. The stock had a trading volume of 869,076 shares. The stock’s 50-day moving average is $56.28 and its 200-day moving average is $48.67. The stock’s market cap is $5.46 billion. Energen Corp. has a 12 month low of $20.76 and a 12 month high of $61.98.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. The firm had revenue of $105.80 million for the quarter, compared to analyst estimates of $144.31 million. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The business’s quarterly revenue was down 37.1% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Equities analysts anticipate that Energen Corp. will post ($1.37) EPS for the current year.
Several research analysts have recently issued reports on EGN shares. Tudor Pickering raised Energen Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 16th. Zacks Investment Research upgraded Energen Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, August 5th. KeyCorp upped their target price on Energen Corp. from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Nomura upped their target price on Energen Corp. from $54.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 13th. Finally, Credit Suisse Group AG upped their target price on Energen Corp. from $48.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, June 21st. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Energen Corp. currently has an average rating of “Buy” and a consensus price target of $57.43.
In other news, Chairman J T. Mcmanus sold 10,216 shares of Energen Corp. stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $52.58, for a total value of $537,157.28. Following the sale, the chairman now directly owns 103,789 shares in the company, valued at approximately $5,457,225.62. The sale was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is owned by insiders.
About Energen Corp.
Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.
Want to see what other hedge funds are holding EGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energen Corp. (NYSE:EGN).
Receive News & Ratings for Energen Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen Corp. and related companies with MarketBeat.com's FREE daily email newsletter.