Energen Corporation (EGN) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. cut its position in shares of Energen Corporation (NYSE:EGN) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,781 shares of the oil and gas producer’s stock after selling 16,600 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Energen Corporation worth $3,346,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in EGN. BlackRock Inc. increased its position in shares of Energen Corporation by 5,491.7% in the first quarter. BlackRock Inc. now owns 9,266,613 shares of the oil and gas producer’s stock worth $504,475,000 after buying an additional 9,100,891 shares during the period. Credit Suisse AG increased its position in shares of Energen Corporation by 2,708.2% in the first quarter. Credit Suisse AG now owns 2,993,073 shares of the oil and gas producer’s stock worth $162,943,000 after buying an additional 2,886,489 shares during the period. Bank of Montreal Can increased its position in shares of Energen Corporation by 58,522.2% in the second quarter. Bank of Montreal Can now owns 983,680 shares of the oil and gas producer’s stock worth $48,564,000 after buying an additional 982,002 shares during the period. Elliott Management Corp acquired a new position in shares of Energen Corporation during the first quarter worth about $46,274,000. Finally, Vanguard Group Inc. increased its position in shares of Energen Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 9,158,242 shares of the oil and gas producer’s stock worth $498,574,000 after buying an additional 466,977 shares during the period. 94.01% of the stock is owned by hedge funds and other institutional investors.
Energen Corporation (NYSE:EGN) traded down 1.60% on Tuesday, reaching $49.34. The company’s stock had a trading volume of 242,509 shares. Energen Corporation has a 52-week low of $46.16 and a 52-week high of $64.43. The firm has a market capitalization of $4.80 billion, a P/E ratio of 78.07 and a beta of 1.93. The firm has a 50-day moving average price of $50.23 and a 200 day moving average price of $52.36.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The firm had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The business’s quarterly revenue was up 142.8% compared to the same quarter last year. During the same period last year, the company earned ($0.28) EPS. Equities analysts anticipate that Energen Corporation will post $0.40 earnings per share for the current fiscal year.
EGN has been the subject of a number of research analyst reports. Citigroup Inc. lowered their price target on Energen Corporation from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Williams Capital reaffirmed a “buy” rating and issued a $72.00 price target on shares of Energen Corporation in a report on Friday, May 5th. BidaskClub downgraded Energen Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $70.00 price target on shares of Energen Corporation in a report on Thursday, June 22nd. Finally, J P Morgan Chase & Co downgraded Energen Corporation from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $60.00 to $53.00 in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Energen Corporation presently has a consensus rating of “Buy” and an average price target of $66.00.
In other news, Director Alan A. Kleier acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at $71,385. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company 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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