Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of Energen Co. (NYSE:EGN) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,377,194 shares of the oil and gas producer’s stock after selling 55,947 shares during the period. Energen makes up approximately 1.3% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 19th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Energen were worth $79,285,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of Energen during the 4th quarter worth $109,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Energen during the 4th quarter worth $115,000. Cerebellum GP LLC acquired a new position in shares of Energen during the 4th quarter worth $125,000. Calton & Associates Inc. acquired a new position in shares of Energen during the 4th quarter worth $185,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Energen during the 4th quarter worth $201,000. Institutional investors own 93.59% of the company’s stock.
Shares of Energen Co. (EGN) opened at $57.81 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. Energen Co. has a 1-year low of $46.16 and a 1-year high of $60.07. The firm has a market cap of $5,630.97, a price-to-earnings ratio of 76.07 and a beta of 1.61.
In other Energen news, major shareholder Corvex Management Lp sold 80,294 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $57.56, for a total value of $4,621,722.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lori A. Lancaster purchased 1,000 shares of Energen stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $57.79 per share, with a total value of $57,790.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $57,790. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
EGN has been the topic of several analyst reports. KeyCorp set a $70.00 price target on shares of Energen and gave the stock a “buy” rating in a research note on Sunday, January 21st. Mizuho set a $72.00 price target on shares of Energen and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Energen in a research note on Thursday, February 1st. They set a “buy” rating and a $70.00 price target on the stock. Stifel Nicolaus set a $85.00 price target on shares of Energen and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Seaport Global Securities upgraded shares of Energen from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Energen presently has a consensus rating of “Hold” and an average target price of $66.48.
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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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