Energen Co. (EGN) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of Energen Co. (NYSE:EGN) by 33.3% during the second quarter, HoldingsChannel.com reports. The fund owned 30,939 shares of the oil and gas producer’s stock after purchasing an additional 7,735 shares during the period. GSA Capital Partners LLP’s holdings in Energen were worth $2,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EGN. Global X Management Co. LLC acquired a new position in Energen in the first quarter worth approximately $902,000. Wells Fargo & Company MN grew its position in Energen by 37.0% during the 1st quarter. Wells Fargo & Company MN now owns 171,733 shares of the oil and gas producer’s stock worth $10,796,000 after purchasing an additional 46,398 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Energen during the 1st quarter worth approximately $359,000. Fulton Bank N.A. purchased a new position in Energen during the 1st quarter worth approximately $203,000. Finally, Montgomery Investment Management Inc. purchased a new position in Energen during the 1st quarter worth approximately $264,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Shares of NYSE:EGN opened at $77.39 on Monday. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 103.19 and a beta of 1.30. Energen Co. has a 12-month low of $47.81 and a 12-month high of $79.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.50.

Energen (NYSE:EGN) last issued its earnings results on Tuesday, August 7th. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $339.65 million during the quarter, compared to analyst estimates of $336.78 million. Energen had a net margin of 35.43% and a return on equity of 6.83%. equities analysts forecast that Energen Co. will post 3.27 EPS for the current fiscal year.

In other Energen news, insider Carl C. Icahn acquired 500,000 shares of Energen stock in a transaction that occurred on Thursday, June 28th. The stock was acquired at an average price of $71.32 per share, with a total value of $35,660,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carl C. Icahn acquired 225,706 shares of Energen stock in a transaction that occurred on Thursday, June 21st. The stock was acquired at an average cost of $63.70 per share, with a total value of $14,377,472.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,726,727 shares of company stock valued at $268,281,858 in the last three months. Company insiders own 1.05% of the company’s stock.

Several equities analysts have weighed in on the stock. ValuEngine cut shares of Energen from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. KLR Group reiterated a “buy” rating and set a $91.00 price objective on shares of Energen in a research report on Monday, August 20th. Zacks Investment Research cut shares of Energen from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Williams Capital set a $79.00 price objective on shares of Energen and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Energen to $81.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.30.

Energen Profile

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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Institutional Ownership by Quarter for Energen (NYSE:EGN)

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