Allianz Asset Management GmbH decreased its position in Energen Co. (NYSE:EGN) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 167,121 shares of the oil and gas producer’s stock after selling 4,641 shares during the period. Allianz Asset Management GmbH owned about 0.17% of Energen worth $9,621,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of EGN. First Trust Advisors LP grew its holdings in shares of Energen by 25.6% in the third quarter. First Trust Advisors LP now owns 125,728 shares of the oil and gas producer’s stock worth $6,875,000 after purchasing an additional 25,592 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Energen in the third quarter worth approximately $537,000. Principal Financial Group Inc. grew its holdings in shares of Energen by 0.5% in the third quarter. Principal Financial Group Inc. now owns 415,180 shares of the oil and gas producer’s stock worth $22,702,000 after purchasing an additional 2,123 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Energen by 3.1% in the third quarter. Sei Investments Co. now owns 97,389 shares of the oil and gas producer’s stock worth $5,326,000 after purchasing an additional 2,892 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Energen by 2.6% in the third quarter. New York State Common Retirement Fund now owns 255,800 shares of the oil and gas producer’s stock worth $13,987,000 after purchasing an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.
Energen Co. (EGN) opened at $58.05 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $5,700.00, a price-to-earnings ratio of 96.75 and a beta of 1.60. Energen Co. has a 52-week low of $46.16 and a 52-week high of $60.07.
Several research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Energen in a report on Wednesday, March 7th. They issued a “neutral” rating and a $62.00 target price on the stock. Morgan Stanley cut their target price on shares of Energen from $75.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. JPMorgan Chase & Co. set a $62.00 target price on shares of Energen and gave the stock a “sell” rating in a report on Monday, March 5th. Williams Capital set a $74.00 target price on shares of Energen and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $72.00 price target (up previously from $68.00) on shares of Energen in a report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Energen has a consensus rating of “Hold” and a consensus target price of $66.48.
In other news, Director Jonathan Z. Cohen acquired 17,500 shares of the stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $57.36 per share, with a total value of $1,003,800.00. Following the completion of the transaction, the director now owns 17,500 shares of the company’s stock, valued at approximately $1,003,800. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lori A. Lancaster acquired 1,000 shares of the 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 transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $57,790. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.
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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