World Asset Management Inc cut its stake in shares of Energen Corporation (NYSE:EGN) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 6,149 shares of the oil and gas producer’s stock after selling 439 shares during the period. World Asset Management Inc’s holdings in Energen Corporation were worth $304,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in EGN. Teacher Retirement System of Texas boosted its position in shares of Energen Corporation by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 7,761 shares of the oil and gas producer’s stock worth $423,000 after buying an additional 110 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of 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 last quarter. Creative Planning boosted its position in shares of Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 250 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Energen Corporation by 0.6% in the first quarter. PNC Financial Services Group Inc. now owns 47,789 shares of the oil and gas producer’s stock worth $2,601,000 after buying an additional 273 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Energen Corporation by 10.8% in the first quarter. Flinton Capital Management LLC now owns 2,944 shares of the oil and gas producer’s stock worth $160,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
Shares of Energen Corporation (NYSE:EGN) opened at 48.50 on Wednesday. Energen Corporation has a 12-month low of $46.16 and a 12-month high of $64.43. The company has a 50-day moving average of $50.00 and a 200-day moving average of $52.57. The stock has a market capitalization of $4.71 billion, a P/E ratio of 76.74 and a beta of 1.93.
Energen Corporation (NYSE:EGN) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $256.82 million during the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The firm’s revenue was up 142.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.28) earnings per share. Equities analysts expect that Energen Corporation will post $0.44 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the stock. Barclays PLC set a $57.00 target price on shares of Energen Corporation and gave the stock a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Energen Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Williams Capital set a $76.00 target price on shares of Energen Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. cut their target price on shares of Energen Corporation from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada set a $66.00 target price on shares of Energen Corporation and gave the stock a “hold” rating in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $66.23.
In related news, Director Alan A. Kleier purchased 1,000 shares of Energen Corporation stock in a transaction dated Friday, June 23rd. The stock was acquired at an average cost of $47.59 per share, with a total value of $47,590.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $71,385. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.
About Energen Corporation
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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