Crossmark Global Holdings Inc. Buys New Holdings in Energen Corporation (EGN)
Crossmark Global Holdings Inc. bought a new position in Energen Corporation (NYSE:EGN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,822 shares of the oil and gas producer’s stock, valued at approximately $537,000.
Other institutional investors have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Energen Corporation by 8.0% in the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 250 shares in the last quarter. Optimum Investment Advisors bought a new stake in shares of Energen Corporation in the 2nd quarter worth $228,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Energen Corporation by 12.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,773 shares of the oil and gas producer’s stock worth $236,000 after purchasing an additional 527 shares in the last quarter. Capital Insight Partners LLC bought a new stake in shares of Energen Corporation in the 2nd quarter worth $237,000. Finally, Flinton Capital Management LLC increased its holdings in shares of Energen Corporation by 64.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,848 shares of the oil and gas producer’s stock worth $239,000 after purchasing an additional 1,904 shares in the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.
Shares of Energen Corporation (EGN) opened at $54.95 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. Energen Corporation has a 52 week low of $46.16 and a 52 week high of $64.44.
Energen Corporation (NYSE:EGN) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $242.81 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts anticipate that Energen Corporation will post 0.41 earnings per share for the current year.
In other Energen Corporation news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.
A number of research firms have recently issued reports on EGN. Seaport Global Securities upgraded Energen Corporation from a “sell” rating to a “neutral” rating and raised their price target for the stock from $38.00 to $46.00 in a research note on Friday, August 11th. ValuEngine upgraded Energen Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Energen Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Mizuho restated a “buy” rating and issued a $69.00 price target on shares of Energen Corporation in a research note on Friday, September 29th. Finally, Stifel Nicolaus set a $80.00 price target on Energen Corporation and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.48.
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Energen Corporation 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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