Zurcher Kantonalbank Zurich Cantonalbank Sells 916 Shares of Energen Co. (EGN)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Energen Co. (NYSE:EGN) by 17.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,377 shares of the oil and gas producer’s stock after selling 916 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Energen were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in Energen by 2.3% during the 2nd quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock worth $264,000 after purchasing an additional 119 shares in the last quarter. Utah Retirement Systems lifted its holdings in Energen by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock worth $880,000 after purchasing an additional 200 shares in the last quarter. Creative Planning lifted its holdings in Energen by 8.0% during the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 250 shares in the last quarter. Comerica Bank lifted its holdings in Energen by 0.4% during the 2nd quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after purchasing an additional 338 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in Energen by 1.5% during the 2nd quarter. Suntrust Banks Inc. now owns 26,481 shares of the oil and gas producer’s stock worth $1,306,000 after purchasing an additional 393 shares in the last quarter. 96.11% of the stock is currently owned by institutional investors and hedge funds.

Energen Co. (NYSE:EGN) opened at $52.87 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58. Energen Co. has a 1 year low of $46.16 and a 1 year high of $63.06.

Energen (NYSE:EGN) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS. equities analysts anticipate that Energen Co. will post 0.47 earnings per share for the current year.

In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on EGN. Barclays set a $57.00 price objective on Energen and gave the stock a “hold” rating in a report on Tuesday, August 15th. Wells Fargo & Company began coverage on Energen in a report on Friday, December 1st. They set a “hold” rating on the stock. Stifel Nicolaus reissued a “buy” rating and set a $79.00 price objective on shares of Energen in a report on Sunday, September 3rd. Imperial Capital began coverage on Energen in a report on Tuesday, August 22nd. They set an “outperform” rating and a $61.00 price objective on the stock. Finally, Citigroup dropped their price objective on Energen from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. Energen presently has an average rating of “Hold” and a consensus target price of $66.17.

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Energen Profile

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.

Institutional Ownership by Quarter for Energen (NYSE:EGN)

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