HAP Trading LLC bought a new position in Energen Corporation (NYSE:EGN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 104,194 shares of the oil and gas producer’s stock, valued at approximately $5,144,000. HAP Trading LLC owned about 0.11% of Energen Corporation as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in EGN. Great West Life Assurance Co. Can lifted its stake in Energen Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 57,592 shares of the oil and gas producer’s stock valued at $3,133,000 after purchasing an additional 2,256 shares during the last quarter. State Treasurer State of Michigan lifted its stake in Energen Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 39,400 shares of the oil and gas producer’s stock valued at $2,145,000 after purchasing an additional 300 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Energen Corporation by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 140,485 shares of the oil and gas producer’s stock valued at $7,648,000 after purchasing an additional 1,120 shares during the last quarter. Flinton Capital Management LLC lifted 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 purchasing an additional 288 shares during the last quarter. Finally, Elkfork Partners LLC lifted 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 purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.
In related news, Director Alan A. Kleier purchased 1,000 shares of Energen Corporation stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $71,385. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
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Energen Corporation (EGN) traded up 2.43% on Tuesday, hitting $52.27. 335,095 shares of the stock traded hands. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 82.71 and a beta of 1.94. The company’s 50 day moving average price is $50.65 and its 200-day moving average price is $52.05. Energen Corporation has a 52-week low of $46.16 and a 52-week high of $64.43.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter was up 142.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.28) EPS. On average, analysts forecast that Energen Corporation will post $0.40 earnings per share for the current fiscal year.
EGN has been the topic of several research analyst reports. BidaskClub downgraded Energen Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Citigroup Inc. upped their price objective on Energen Corporation from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Credit Suisse Group reiterated an “outperform” rating and issued a $73.00 price objective on shares of Energen Corporation in a research note on Friday, June 2nd. Morgan Stanley upped their price objective on Energen Corporation from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, August 31st. Finally, Zacks Investment Research upgraded Energen Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. Energen Corporation has a consensus rating of “Buy” and an average price target of $65.48.
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.
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