Millennium Management LLC boosted its stake in shares of Energen Co. (NYSE:EGN) by 86.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,928,514 shares of the oil and gas producer’s stock after purchasing an additional 1,355,480 shares during the quarter. Millennium Management LLC’s holdings in Energen were worth $168,595,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Comerica Bank boosted its position in Energen by 55.7% during the third quarter. Comerica Bank now owns 127,313 shares of the oil and gas producer’s stock valued at $6,507,000 after purchasing an additional 45,547 shares in the last quarter. SG Americas Securities LLC boosted its position in Energen by 711.2% during the fourth quarter. SG Americas Securities LLC now owns 41,630 shares of the oil and gas producer’s stock valued at $2,397,000 after purchasing an additional 36,498 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Energen by 32.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,813 shares of the oil and gas producer’s stock valued at $335,000 after purchasing an additional 1,436 shares in the last quarter. Cipher Capital LP boosted its position in Energen by 65.8% during the third quarter. Cipher Capital LP now owns 71,121 shares of the oil and gas producer’s stock valued at $3,888,000 after purchasing an additional 28,229 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Energen during the third quarter valued at about $15,830,000. 93.59% of the stock is currently owned by institutional investors.
In other news, major shareholder Corvex Management Lp sold 80,294 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $57.56, for a total value of $4,621,722.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lori A. Lancaster acquired 1,000 shares of Energen 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 completion of the purchase, 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. Company insiders own 1.00% of the company’s stock.
Energen Co. (NYSE:EGN) opened at $57.95 on Wednesday. Energen Co. has a 12 month low of $46.16 and a 12 month high of $60.07. The stock has a market capitalization of $5,654.34, a PE ratio of 18.51 and a beta of 1.61. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.23.
Energen (NYSE:EGN) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.22. Energen had a return on equity of 2.27% and a net margin of 30.12%. The firm had revenue of $271.80 million during the quarter, compared to analysts’ expectations of $303.95 million. During the same period last year, the business posted ($0.27) earnings per share. The company’s revenue for the quarter was up 137.3% compared to the same quarter last year. research analysts anticipate that Energen Co. will post 3.14 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Millennium Management LLC Buys 1,355,480 Shares of Energen Co. (EGN)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://sportsperspectives.com/2018/03/14/millennium-management-llc-buys-1355480-shares-of-energen-co-egn.html.
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.
Want to see what other hedge funds are holding EGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energen Co. (NYSE:EGN).
Receive News & Ratings for Energen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen and related companies with MarketBeat.com's FREE daily email newsletter.