Capital Fund Management S.A. increased its stake in Energen Co. (NYSE:EGN) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,147 shares of the oil and gas producer’s stock after acquiring an additional 8,700 shares during the quarter. Capital Fund Management S.A. owned 0.16% of Energen worth $9,162,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Energen by 0.7% in 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 in the last quarter. Systematic Financial Management LP increased its stake in shares of Energen by 19.5% in 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 in the last quarter. Advisory Research Inc. increased its stake in shares of Energen by 29.4% in the 4th quarter. Advisory Research Inc. now owns 799,611 shares of the oil and gas producer’s stock valued at $46,034,000 after acquiring an additional 181,685 shares in the last quarter. FMR LLC increased its stake in shares of Energen by 10.8% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Energen by 5.1% in 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 in the last quarter. Institutional investors own 94.50% of the company’s stock.
Energen Co. (NYSE:EGN) opened at $52.13 on Friday. 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 fifty-two week low of $46.16 and a fifty-two week high of $60.07.
Several research firms have recently weighed in on EGN. Morgan Stanley lowered their price objective on shares of Energen from $75.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Energen from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a research note on Thursday, February 1st. ValuEngine lowered shares of Energen from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Deutsche Bank began coverage on shares of Energen in a research note on Thursday, February 1st. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Stifel Nicolaus set a $85.00 price objective on shares of Energen and gave the company a “buy” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Energen presently has an average rating of “Buy” and an average price target of $66.29.
In other news, Director Lori A. Lancaster acquired 1,000 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were purchased at an average cost of $57.79 per share, with a total value of $57,790.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $57,790. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Corvex Management Lp sold 80,294 shares of Energen stock in a transaction on Friday, December 29th. The stock was sold at an average price of $57.56, for a total transaction of $4,621,722.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
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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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