Virtu Financial LLC lifted its position in Energen Co. (NYSE:EGN) by 102.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,352 shares of the oil and gas producer’s stock after acquiring an additional 6,755 shares during the quarter. Virtu Financial LLC’s holdings in Energen were worth $769,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Systematic Financial Management LP grew its position 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 worth $71,888,000 after acquiring an additional 214,802 shares in the last quarter. Advisory Research Inc. grew its position 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 worth $46,034,000 after acquiring an additional 181,685 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 worth $27,763,000 after acquiring an additional 24,713 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Energen by 4.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 465,120 shares of the oil and gas producer’s stock worth $26,777,000 after acquiring an additional 18,853 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Energen by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 415,180 shares of the oil and gas producer’s stock worth $22,702,000 after acquiring an additional 2,123 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.
In other news, Director Lori A. Lancaster acquired 1,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average price of $57.79 per share, with a total value of $57,790.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Corvex Management Lp sold 80,294 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $57.56, for a total value of $4,621,722.64. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Energen (NYSE:EGN) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $271.80 million during the quarter, compared to analyst estimates of $303.95 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. The firm’s quarterly revenue was up 137.3% on a year-over-year basis. sell-side analysts expect that Energen Co. will post 3.08 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on EGN shares. KeyCorp set a $70.00 price objective on Energen and gave the company a “buy” rating in a research report on Sunday, January 21st. Mizuho set a $72.00 price objective on Energen and gave the company a “buy” rating in a research report on Tuesday, January 16th. Deutsche Bank started coverage on Energen in a research report on Thursday, February 1st. They set a “buy” rating and a $70.00 price objective for the company. Stifel Nicolaus set a $85.00 price objective on Energen and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Seaport Global Securities upgraded Energen from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Energen presently has a consensus rating of “Buy” and an average price target of $66.71.
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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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