Principal Financial Group Inc. raised its position in shares of Energen Corp. (NYSE:EGN) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364,577 shares of the company’s stock after buying an additional 58,092 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of Energen Corp. worth $17,576,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of EGN. Prudential Financial Inc. increased its position in Energen Corp. by 108.1% in the second quarter. Prudential Financial Inc. now owns 131,526 shares of the company’s stock worth $6,340,000 after buying an additional 68,327 shares in the last quarter. Hancock Holding Co. purchased a new position in Energen Corp. during the second quarter worth approximately $12,358,000. Dimensional Fund Advisors LP increased its position in Energen Corp. by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 350,088 shares of the company’s stock worth $16,876,000 after buying an additional 38,100 shares in the last quarter. Teacher Retirement System of Texas increased its position in Energen Corp. by 16.2% in the second quarter. Teacher Retirement System of Texas now owns 13,546 shares of the company’s stock worth $653,000 after buying an additional 1,891 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Energen Corp. by 8.8% in the second quarter. Victory Capital Management Inc. now owns 1,731,950 shares of the company’s stock worth $83,497,000 after buying an additional 139,500 shares in the last quarter. Institutional investors own 93.37% of the company’s stock.
Shares of Energen Corp. (NYSE:EGN) traded up 1.89% during mid-day trading on Wednesday, reaching $58.10. The company had a trading volume of 52,875 shares. The firm’s 50-day moving average price is $55.72 and its 200 day moving average price is $47.23. The company’s market cap is $5.64 billion. Energen Corp. has a 52-week low of $20.76 and a 52-week high of $61.98.
Energen Corp. (NYSE:EGN) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.09. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $144.31 million. During the same quarter in the previous year, the business earned $0.10 EPS. Energen Corp.’s revenue was down 37.1% compared to the same quarter last year. Equities analysts expect that Energen Corp. will post ($1.38) EPS for the current year.
A number of equities analysts recently commented on the company. Deutsche Bank AG increased their price objective on Energen Corp. from $43.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Citigroup Inc. increased their price objective on Energen Corp. from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, July 18th. Zacks Investment Research downgraded Energen Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Wunderlich increased their price target on Energen Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, June 21st. Finally, Royal Bank Of Canada increased their price target on Energen Corp. from $50.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, August 10th. Twelve investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Energen Corp. currently has an average rating of “Buy” and an average price target of $55.63.
In related news, Chairman J T. Mcmanus sold 10,216 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $52.58, for a total transaction of $537,157.28. Following the transaction, the chairman now owns 103,789 shares in the company, valued at approximately $5,457,225.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.
Energen Corp. Company Profile