Bank of New York Mellon Corp boosted its stake in Energen Corporation (NYSE:EGN) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,221,402 shares of the oil and gas producer’s stock after buying an additional 4,774 shares during the period. Bank of New York Mellon Corp owned approximately 1.26% of Energen Corporation worth $60,301,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Energen Corporation by 26.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,819 shares of the oil and gas producer’s stock valued at $208,000 after buying an additional 806 shares in the last quarter. Comerica Bank boosted its stake in Energen Corporation by 4.0% in the first quarter. Comerica Bank now owns 81,428 shares of the oil and gas producer’s stock valued at $4,235,000 after buying an additional 3,112 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Energen Corporation by 12.3% in the first quarter. Suntrust Banks Inc. now owns 26,088 shares of the oil and gas producer’s stock valued at $1,419,000 after buying an additional 2,850 shares in the last quarter. Elkfork Partners LLC boosted its stake in Energen Corporation by 10.8% in the first quarter. Elkfork Partners LLC now owns 6,256 shares of the oil and gas producer’s stock valued at $341,000 after buying an additional 612 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in 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 valued at $160,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Energen Corporation (NYSE EGN) opened at 51.28 on Friday. The company has a 50-day moving average of $50.45 and a 200-day moving average of $52.27. The stock has a market cap of $4.98 billion, a PE ratio of 81.14 and a beta of 1.93. Energen Corporation has a 12 month low of $46.16 and a 12 month high of $64.43.

Energen Corporation (NYSE:EGN) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company had revenue of $256.82 million for the quarter, compared to the consensus estimate of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. Energen Corporation’s revenue was up 142.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. On average, equities analysts forecast that Energen Corporation will post $0.40 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Energen Corporation (EGN) Stake Increased by Bank of New York Mellon Corp” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/01/energen-corporation-egn-stake-increased-by-bank-of-new-york-mellon-corp.html.

Several analysts have issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $73.00 target price on shares of Energen Corporation in a research note on Friday, June 2nd. Barclays PLC reiterated a “hold” rating and issued a $63.00 target price on shares of Energen Corporation in a research note on Wednesday, May 24th. Royal Bank Of Canada set a $65.00 target price on shares of Energen Corporation and gave the stock a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 target price on shares of Energen Corporation in a research note on Friday, May 26th. Finally, Wolfe Research assumed coverage on shares of Energen Corporation in a research note on Thursday, June 15th. They issued a “market perform” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the stock. Energen Corporation currently has an average rating of “Buy” and a consensus price target of $65.57.

In other Energen Corporation news, Director Alan A. Kleier purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of $47.59 per share, with a total value of $47,590.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at $71,385. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is 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.

Institutional Ownership by Quarter for Energen Corporation (NYSE:EGN)

Receive News & Stock Ratings for Energen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen Corporation and related stocks with our FREE daily email newsletter.