Clear Harbor Asset Management LLC continued to hold its stake in Energen Corporation (NYSE:EGN) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,481 shares of the oil and gas producer’s stock at the end of the second quarter. Energen Corporation accounts for 1.2% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Clear Harbor Asset Management LLC owned 0.13% of Energen Corporation worth $6,048,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EGN. Great West Life Assurance Co. Can raised its stake in Energen Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 57,592 shares of the oil and gas producer’s stock worth $3,133,000 after buying an additional 2,256 shares during the period. Tocqueville Asset Management L.P. raised its stake in Energen Corporation by 157.9% in the first quarter. Tocqueville Asset Management L.P. now owns 147,000 shares of the oil and gas producer’s stock worth $8,003,000 after buying an additional 90,000 shares during the period. Canada Pension Plan Investment Board raised its stake in Energen Corporation by 138.0% in the first quarter. Canada Pension Plan Investment Board now owns 266,800 shares of the oil and gas producer’s stock worth $14,525,000 after buying an additional 154,700 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in Energen Corporation by 0.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 37,060 shares of the oil and gas producer’s stock worth $2,018,000 after buying an additional 250 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Energen Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 34,275 shares of the oil and gas producer’s stock worth $1,866,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 95.64% of the company’s stock.
Energen Corporation (NYSE:EGN) traded down 1.40% during mid-day trading on Monday, reaching $49.25. The company had a trading volume of 887,332 shares. The stock has a market cap of $4.79 billion, a PE ratio of 69.76 and a beta of 1.93. The firm’s 50-day moving average price is $50.31 and its 200-day moving average price is $52.96. Energen Corporation has a 12 month low of $46.10 and a 12 month high of $64.43.
Energen Corporation (NYSE:EGN) last released its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.01. Energen Corporation had a net margin of 10.69% and a negative return on equity of 2.79%. The firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $166.69 million. During the same quarter in the prior year, the company earned ($0.64) EPS. Energen Corporation’s quarterly revenue was up 87.9% on a year-over-year basis. Equities research analysts forecast that Energen Corporation will post $0.45 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on the company. Credit Suisse Group restated an “outperform” rating and set a $73.00 price objective on shares of Energen Corporation in a research note on Friday, June 2nd. Barclays PLC restated a “hold” rating and set a $63.00 price objective on shares of Energen Corporation in a research note on Wednesday, May 24th. Royal Bank Of Canada set a $65.00 price objective on Energen Corporation and gave the company a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $81.00 price objective on shares of Energen Corporation in a research note on Friday, May 26th. Finally, Wolfe Research started coverage on Energen Corporation in a report on Thursday, June 15th. They set a “market perform” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Energen Corporation has a consensus rating of “Buy” and an average price target of $66.68.
In other news, Director Alan A. Kleier bought 1,000 shares of the stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $47.59 per share, for a total transaction of $47,590.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $71,385. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Energen Corporation 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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