Schwab Charles Investment Management Inc. lifted its stake in shares of Energen Co. (NYSE:EGN) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 465,120 shares of the oil and gas producer’s stock after buying an additional 18,853 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Energen were worth $26,777,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Energen by 0.7% during the 2nd quarter. State Street Corp now owns 3,330,220 shares of the oil and gas producer’s stock valued at $164,414,000 after acquiring an additional 24,037 shares during the period. Systematic Financial Management LP lifted its position in shares of Energen by 19.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,314,711 shares of the oil and gas producer’s stock valued at $71,888,000 after acquiring an additional 214,802 shares during the period. FMR LLC lifted its position in shares of Energen by 10.8% during the 2nd quarter. FMR LLC now owns 625,264 shares of the oil and gas producer’s stock valued at $30,869,000 after acquiring an additional 60,907 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Energen by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,751 shares of the oil and gas producer’s stock valued at $27,763,000 after acquiring an additional 24,713 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Energen by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 415,180 shares of the oil and gas producer’s stock valued at $22,702,000 after acquiring an additional 2,123 shares during the period. Institutional investors own 94.50% of the company’s stock.

A number of research firms recently issued reports on EGN. Deutsche Bank began coverage on shares of Energen in a research report on Thursday, February 1st. They set a “buy” rating and a $70.00 target price on the stock. Credit Suisse Group started coverage on shares of Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Co started coverage on shares of Energen in a report on Friday, December 1st. They set a “hold” rating on the stock. Seaport Global Securities upgraded shares of Energen from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Finally, ValuEngine downgraded shares of Energen from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Energen currently has a consensus rating of “Buy” and an average price target of $66.29.

Shares of Energen Co. (NYSE:EGN) opened at $52.93 on Thursday. The company has a market cap of $4,988.40, a PE ratio of -481.18 and a beta of 1.73. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. Energen Co. has a 1-year low of $46.16 and a 1-year high of $60.07.

In other news, major shareholder Corvex Management Lp sold 80,294 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $57.56, for a total value of $4,621,722.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lori A. Lancaster bought 1,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was purchased at an average price of $57.79 per share, with a total value of $57,790.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Energen (NYSE:EGN)

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