Energen Co. (EGN) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Energen Co. (NYSE:EGN) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,791 shares of the oil and gas producer’s stock after selling 112,967 shares during the quarter. Energen comprises approximately 1.7% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 24th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Energen were worth $16,957,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Precocity Capital LP acquired a new stake in Energen in the second quarter valued at $7,282,000. Schwab Charles Investment Management Inc. grew its holdings in Energen by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 503,763 shares of the oil and gas producer’s stock valued at $36,685,000 after purchasing an additional 28,575 shares during the last quarter. Van ECK Associates Corp grew its holdings in Energen by 6.3% in the second quarter. Van ECK Associates Corp now owns 15,812 shares of the oil and gas producer’s stock valued at $1,151,000 after purchasing an additional 934 shares during the last quarter. Voya Investment Management LLC grew its holdings in Energen by 53.3% in the second quarter. Voya Investment Management LLC now owns 39,345 shares of the oil and gas producer’s stock valued at $2,865,000 after purchasing an additional 13,676 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Energen by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 38,635 shares of the oil and gas producer’s stock valued at $2,814,000 after purchasing an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Several analysts have weighed in on the company. Johnson Rice lowered Energen from an “accumulate” rating to a “hold” rating in a report on Wednesday, August 15th. Williams Capital reissued a “hold” rating and issued a $87.00 target price on shares of Energen in a report on Tuesday, August 7th. Argus lowered Energen from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. ValuEngine lowered Energen from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Finally, US Capital Advisors lowered Energen from an “overweight” rating to a “hold” rating in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $78.35.

Shares of EGN traded up $1.34 during trading hours on Tuesday, reaching $70.67. 34,199 shares of the company traded hands, compared to its average volume of 1,084,529. The company has a quick ratio of 0.50, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.13 billion, a P/E ratio of 92.63 and a beta of 1.37. Energen Co. has a fifty-two week low of $47.81 and a fifty-two week high of $89.83.

Energen (NYSE:EGN) last posted its quarterly earnings data on Tuesday, August 7th. The oil and gas producer reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $339.65 million for the quarter, compared to analyst estimates of $336.78 million. Energen had a return on equity of 6.83% and a net margin of 35.43%. As a group, equities analysts expect that Energen Co. will post 3.54 EPS for the current fiscal year.

In other news, VP Russell E. Jr. Lynch sold 2,233 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $77.80, for a total value of $173,727.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Carl C. Icahn acquired 553,577 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was purchased at an average price of $71.37 per share, for a total transaction of $39,508,790.49. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,654,854 shares of company stock worth $121,645,199. Corporate insiders own 1.05% of the company’s stock.

Energen Company Profile

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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