Nationwide Fund Advisors reduced its stake in shares of Energen Corp. (NYSE:EGN) by 25.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,929 shares of the company’s stock after selling 67,683 shares during the period. Nationwide Fund Advisors owned about 0.21% of Energen Corp. worth $9,783,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in EGN. UBS Group AG boosted its position in shares of Energen Corp. by 113.3% in the first quarter. UBS Group AG now owns 77,717 shares of the company’s stock valued at $2,844,000 after buying an additional 41,276 shares during the period. Rafferty Asset Management LLC bought a new position in shares of Energen Corp. during the first quarter valued at $585,000. State Street Corp boosted its position in shares of Energen Corp. by 6.5% in the first quarter. State Street Corp now owns 3,247,954 shares of the company’s stock valued at $118,838,000 after buying an additional 197,696 shares during the period. M&T Bank Corp boosted its position in shares of Energen Corp. by 52.6% in the first quarter. M&T Bank Corp now owns 9,252 shares of the company’s stock valued at $337,000 after buying an additional 3,188 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Energen Corp. by 23.0% in the first quarter. JPMorgan Chase & Co. now owns 10,866,300 shares of the company’s stock valued at $397,597,000 after buying an additional 2,034,422 shares during the period. Institutional investors own 93.40% of the company’s stock.
Energen Corp. (NYSE:EGN) traded up 0.15% on Monday, hitting $52.91. The company’s stock had a trading volume of 629,285 shares. The firm’s market cap is $5.14 billion. The firm has a 50 day moving average of $53.62 and a 200 day moving average of $44.73. Energen Corp. has a 12 month low of $20.76 and a 12 month high of $61.98.
Energen Corp. (NYSE:EGN) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.09. The business earned $105.80 million during the quarter, compared to the consensus estimate of $144.31 million. Energen Corp. had a negative net margin of 136.37% and a negative return on equity of 1.04%. The firm’s quarterly revenue was down 37.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Equities research analysts forecast that Energen Corp. will post ($1.37) earnings per share for the current fiscal year.
EGN has been the subject of several recent analyst reports. TheStreet upgraded Energen Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Stifel Nicolaus restated a “buy” rating on shares of Energen Corp. in a research report on Wednesday, August 31st. Williams Capital initiated coverage on Energen Corp. in a research report on Monday, August 29th. They set a “buy” rating and a $68.00 target price for the company. KeyCorp boosted their target price on Energen Corp. from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Finally, Barclays PLC boosted their target price on Energen Corp. from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 16th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.63.
In other Energen Corp. news, CEO J T. Mcmanus sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $48.05, for a total value of $720,750.00. Following the completion of the sale, the chief executive officer now owns 103,789 shares of the company’s stock, valued at $4,987,061.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Magnus James Gorrie acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was purchased at an average cost of $47.26 per share, with a total value of $47,260.00. Following the purchase, the director now owns 7,900 shares of the company’s stock, valued at $373,354. The disclosure for this purchase can be found here. 1.02% of the stock is currently owned by company insiders.
Energen Corp. Company Profile
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.