Dupont Capital Management Corp grew its position in Energen Co. (NYSE:EGN) by 1,027.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,414 shares of the oil and gas producer’s stock after acquiring an additional 58,700 shares during the period. Dupont Capital Management Corp owned about 0.07% of Energen worth $5,551,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its position in Energen by 26.9% in the first quarter. LPL Financial LLC now owns 5,772 shares of the oil and gas producer’s stock valued at $363,000 after purchasing an additional 1,224 shares during the last quarter. Principal Financial Group Inc. raised its position in Energen by 2.5% in the first quarter. Principal Financial Group Inc. now owns 423,854 shares of the oil and gas producer’s stock valued at $26,643,000 after purchasing an additional 10,518 shares during the last quarter. Allianz Asset Management GmbH raised its position in Energen by 7.7% in the first quarter. Allianz Asset Management GmbH now owns 180,029 shares of the oil and gas producer’s stock valued at $11,317,000 after purchasing an additional 12,908 shares during the last quarter. Brown Advisory Inc. bought a new position in Energen in the first quarter valued at about $219,000. Finally, Fisher Asset Management LLC bought a new position in Energen in the second quarter valued at about $370,000. Institutional investors and hedge funds own 92.66% of the company’s stock.
NYSE EGN opened at $73.04 on Friday. Energen Co. has a one year low of $47.81 and a one year high of $89.83. The company has a market cap of $7.24 billion, a P/E ratio of 97.39 and a beta of 1.50. The company has a quick ratio of 0.50, a current ratio of 0.43 and a debt-to-equity ratio of 0.26.
Energen (NYSE:EGN) last released its earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. Energen had a return on equity of 8.70% and a net margin of 31.37%. The business had revenue of $380.88 million during the quarter, compared to analysts’ expectations of $364.64 million. As a group, research analysts predict that Energen Co. will post 3.56 EPS for the current fiscal year.
In other news, insider Carl C. Icahn acquired 500,000 shares of Energen stock in a transaction on Wednesday, August 15th. The stock was purchased at an average price of $76.63 per share, with a total value of $38,315,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Russell E. Jr. Lynch sold 2,233 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $77.80, for a total value of $173,727.40. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several research firms have commented on EGN. ValuEngine downgraded Energen from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. US Capital Advisors downgraded Energen from an “overweight” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, October 22nd. Morgan Stanley reiterated a “hold” rating and issued a $83.00 target price (down from $86.00) on shares of Energen in a research report on Friday, October 12th. Finally, National Alliance Securities downgraded Energen from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. Energen currently has an average rating of “Hold” and an average target price of $78.35.
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Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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