California State Teachers Retirement System cut its holdings in Energen Co. (NYSE:EGN) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 162,290 shares of the oil and gas producer’s stock after selling 16,609 shares during the period. California State Teachers Retirement System owned 0.17% of Energen worth $8,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EGN. Schwab Charles Investment Management Inc. raised its holdings in Energen by 43.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 434,965 shares of the oil and gas producer’s stock valued at $21,475,000 after acquiring an additional 130,899 shares during the last quarter. First Trust Advisors LP acquired a new position in Energen in the 2nd quarter valued at $4,944,000. Bank of New York Mellon Corp raised its holdings in Energen by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,221,402 shares of the oil and gas producer’s stock valued at $60,301,000 after acquiring an additional 4,774 shares during the last quarter. Legal & General Group Plc raised its holdings in Energen by 12.2% in the 2nd quarter. Legal & General Group Plc now owns 115,413 shares of the oil and gas producer’s stock valued at $5,698,000 after acquiring an additional 12,542 shares during the last quarter. Finally, Comerica Bank raised its holdings in Energen by 0.4% in the 2nd quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock valued at $4,191,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Shares of Energen Co. (NYSE:EGN) opened at $58.68 on Wednesday. The company has a market capitalization of $5,613.41, a price-to-earnings ratio of -533.45, a PEG ratio of 3.86 and a beta of 1.90. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. Energen Co. has a twelve month low of $46.16 and a twelve month high of $60.21.

Energen (NYSE:EGN) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. During the same period in the prior year, the company earned ($0.22) EPS. The firm’s revenue was up 3.9% on a year-over-year basis. research analysts predict that Energen Co. will post 0.5 earnings per share for the current year.

In other Energen news, Director Lori A. Lancaster purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $57.79 per share, with a total value of $57,790.00. Following the transaction, the director now owns 1,000 shares in the company, valued at $57,790. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on EGN shares. Zacks Investment Research downgraded Energen from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. downgraded Energen from a “neutral” rating to an “underweight” rating and set a $57.00 price target for the company. in a report on Friday, December 15th. Barclays boosted their price target on Energen from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Morgan Stanley boosted their price target on Energen from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, August 31st. Finally, SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Energen in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Energen presently has a consensus rating of “Hold” and a consensus price target of $64.81.

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

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