Teacher Retirement System of Texas increased its position in shares of Energen Corp. (NYSE:EGN) by 16.2% during the second quarter, Holdings Channel reports. The firm owned 13,546 shares of the company’s stock after buying an additional 1,891 shares during the period. Teacher Retirement System of Texas’ holdings in Energen Corp. were worth $653,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Weiss Asset Management LP bought a new position in Energen Corp. during the first quarter worth $1,098,000. AXA acquired a new stake in Energen Corp. during the first quarter worth approximately $4,178,000. UBS Group AG raised its stake in Energen Corp. by 113.3% in the first quarter. UBS Group AG now owns 77,717 shares of the company’s stock worth $2,844,000 after buying an additional 41,276 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Energen Corp. during the first quarter worth approximately $585,000. Finally, State Street Corp raised its stake in Energen Corp. by 6.5% in the first quarter. State Street Corp now owns 3,247,954 shares of the company’s stock worth $118,838,000 after buying an additional 197,696 shares during the last quarter. 93.37% of the stock is owned by institutional investors.
Shares of Energen Corp. (NYSE:EGN) traded up 1.91% during midday trading on Friday, reaching $57.72. The company’s stock had a trading volume of 760,255 shares. The stock’s market capitalization is $5.60 billion. Energen Corp. has a 52 week low of $20.76 and a 52 week high of $61.98. The company has a 50 day moving average price of $55.50 and a 200-day moving average price of $46.71.
Energen Corp. (NYSE:EGN) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.09. Energen Corp. had a negative net margin of 136.37% and a negative return on equity of 1.04%. The company had revenue of $105.80 million for the quarter, compared to analyst estimates of $144.31 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s revenue was down 37.1% on a year-over-year basis. On average, equities research analysts expect that Energen Corp. will post ($1.38) EPS for the current year.
A number of analysts have commented on the company. TheStreet raised Energen Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Stifel Nicolaus reissued a “buy” rating on shares of Energen Corp. in a report on Wednesday, August 31st. Williams Capital assumed coverage on Energen Corp. in a report on Monday, August 29th. They issued a “buy” rating and a $68.00 target price for the company. KeyCorp lifted their target price on Energen Corp. from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Finally, Barclays PLC lifted their target price on Energen Corp. from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Energen Corp. has an average rating of “Buy” and a consensus target price of $55.63.
In other news, Chairman J T. Mcmanus sold 10,216 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $52.58, for a total transaction of $537,157.28. Following the sale, the chairman now directly owns 103,789 shares of the company’s stock, valued at approximately $5,457,225.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by company 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.
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