Teachers Retirement System of The State of Kentucky boosted its stake in Energen Co. (NYSE:EGN) by 20.8% during the 4th quarter, HoldingsChannel reports. The fund owned 20,320 shares of the oil and gas producer’s stock after buying an additional 3,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Energen were worth $1,170,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EGN. Highbridge Capital Management LLC acquired a new stake in Energen in the third quarter valued at $15,830,000. SIR Capital Management L.P. acquired a new stake in Energen in the fourth quarter valued at $14,309,000. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Energen by 473.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 245,961 shares of the oil and gas producer’s stock valued at $14,160,000 after acquiring an additional 203,061 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Energen by 86.9% in the third quarter. Alyeska Investment Group L.P. now owns 396,708 shares of the oil and gas producer’s stock valued at $21,692,000 after acquiring an additional 184,416 shares in the last quarter. Finally, Advisory Research Inc. raised its holdings in Energen by 29.4% in the fourth 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. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on EGN. Credit Suisse Group began coverage on shares of Energen in a report on Monday, December 11th. They issued a “neutral” rating and a $60.00 price target on the stock. Wells Fargo began coverage on shares of Energen in a report on Friday, December 1st. They issued a “hold” rating on the stock. Deutsche Bank began coverage on shares of Energen in a report on Thursday, February 1st. They issued a “buy” rating and a $70.00 price target on the stock. Imperial Capital reaffirmed an “outperform” rating and issued a $72.00 price target (up from $68.00) on shares of Energen in a report on Wednesday, February 21st. Finally, Seaport Global Securities raised shares of Energen from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $67.36.
Energen (NYSE:EGN) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.41 by $0.22. The business had revenue of $271.80 million during the quarter, compared to analyst estimates of $303.95 million. Energen had a net margin of 30.12% and a return on equity of 2.27%. The company’s quarterly revenue was up 137.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. research analysts expect that Energen Co. will post 3.17 EPS for the current fiscal year.
In other news, insider David A. Godsey sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $57.77, for a total transaction of $346,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lori A. Lancaster purchased 1,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were purchased at an average price 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. 1.00% of the stock is currently owned by corporate insiders.
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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