Magnetar Financial LLC trimmed its stake in shares of Energen Co. (NYSE:EGN) by 24.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,474 shares of the oil and gas producer’s stock after selling 2,776 shares during the quarter. Magnetar Financial LLC’s holdings in Energen were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Energen by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock worth $264,000 after purchasing an additional 119 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Energen by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock worth $880,000 after purchasing an additional 200 shares during the last quarter. Comerica Bank increased its position in shares of Energen by 0.4% in the second quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after acquiring an additional 338 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Energen by 1.5% in the second quarter. Suntrust Banks Inc. now owns 26,481 shares of the oil and gas producer’s stock worth $1,306,000 after acquiring an additional 393 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Energen by 0.8% in the second quarter. Synovus Financial Corp now owns 52,267 shares of the oil and gas producer’s stock worth $2,581,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 96.11% of the company’s stock.

In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Several research firms have recently weighed in on EGN. Wells Fargo & Company began coverage on shares of Energen in a research report on Friday, December 1st. They issued a “hold” rating on the stock. Credit Suisse Group began coverage on shares of Energen in a research report on Monday. They issued a “neutral” rating and a $60.00 target price on the stock. Zacks Investment Research raised shares of Energen from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and issued a $79.00 target price on shares of Energen in a research report on Sunday, September 3rd. Finally, Imperial Capital began coverage on shares of Energen in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $61.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.91.

Shares of Energen Co. (NYSE EGN) opened at $54.55 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58. Energen Co. has a one year low of $46.16 and a one year high of $60.21.

Energen (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 Zacks’ consensus estimate of $0.15 by $0.05. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. During the same period in the previous year, the company earned ($0.22) earnings per share. Energen’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts forecast that Energen Co. will post 0.47 EPS for the current fiscal year.

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About Energen

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 (NYSE:EGN)

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