Cramer Rosenthal Mcglynn LLC Has Lifted Its Holding in Energen Corporation (EGN) as Stock Rose

July 18, 2017 - By Henry Gaston

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.09, from 1.09 in 2016Q3. It increased, as 29 investors sold EGN shares while 89 reduced holdings. 44 funds opened positions while 95 raised stakes. 88.25 million shares or 1.00% less from 89.14 million shares in 2016Q3 were reported. Synovus Corporation invested in 0.07% or 50,109 shares. 39,704 are held by Northpointe Capital Limited Com. Arosa Mngmt Ltd Partnership invested 6.07% of its portfolio in Energen Corporation (NYSE:EGN). Aperio Gru Llc holds 13,537 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has 38,980 shares for 0.04% of their portfolio. Moreover, Creative Planning has 0% invested in Energen Corporation (NYSE:EGN). Canada Pension Plan Inv Board stated it has 0.02% in Energen Corporation (NYSE:EGN). Winfield invested in 0% or 90 shares. Commonwealth Equity Services holds 0.01% or 13,564 shares in its portfolio. 39,100 were accumulated by State Treasurer State Of Michigan. Georgia-based Zwj Invest Counsel has invested 0.02% in Energen Corporation (NYSE:EGN). Allianz Asset Management Ag invested 0.01% of its portfolio in Energen Corporation (NYSE:EGN). Citadel Advsrs Ltd Liability Corporation reported 0.02% of its portfolio in Energen Corporation (NYSE:EGN). Hudson Valley Adv, a New York-based fund reported 4,200 shares. Bbt Capital Mgmt Limited Company reported 0.2% stake.

Since February 15, 2017, it had 0 buys, and 4 insider sales for $1.83 million activity. 3,733 Energen Corporation (NYSE:EGN) shares with value of $213,192 were sold by Richardson John S. Shares for $951,400 were sold by MCMANUS J T on Wednesday, February 15. Shares for $327,600 were sold by Porter Charles W on Wednesday, March 29.

Cramer Rosenthal Mcglynn Llc increased its stake in Energen Corporation (EGN) by 22.04% based on its latest 2016Q4 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc bought 312,028 shares as the company’s stock rose 5.63% with the market. The institutional investor held 1.73 million shares of the oil & gas production company at the end of 2016Q4, valued at $99.63M, up from 1.42M at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Energen Corporation for a number of months, seems to be bullish on the $4.82B market cap company. The stock increased 0.10% or $0.05 on July 17, reaching $49.54. About shares traded. Energen Corporation (NYSE:EGN) has risen 35.21% since July 18, 2016 and is uptrending. It has outperformed by 18.51% the S&P500.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64B and $6.74 billion US Long portfolio, decreased its stake in Central Pacific Financial Company (NYSE:CPF) by 176,215 shares to 493,895 shares, valued at $15.52M in 2016Q4, according to the filing. It also reduced its holding in Pfizer Inc. (NYSE:PFE) by 1.15 million shares in the quarter, leaving it with 52,659 shares, and cut its stake in Kforce Inc (NASDAQ:KFRC).

More recent Energen Corporation (NYSE:EGN) news were published by: Twst.com which released: “Energen Corporation: Energen Schedules 2Q17 Earnings Release and Conference …” on July 17, 2017. Also Seekingalpha.com published the news titled: “QEP Resources Vs. Energen Corp.” on July 11, 2017. Seekingalpha.com‘s news article titled: “Energen boosts production view, ends strategic review” with publication date: June 20, 2017 was also an interesting one.

Energen Corporation (NYSE:EGN) Ratings Coverage

Among 31 analysts covering Energen Corporation (NYSE:EGN), 22 have Buy rating, 1 Sell and 8 Hold. Therefore 71% are positive. Energen Corporation has $85 highest and $30 lowest target. $59.39’s average target is 19.88% above currents $49.54 stock price. Energen Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. UBS initiated Energen Corporation (NYSE:EGN) on Tuesday, December 15 with “Neutral” rating. The stock of Energen Corporation (NYSE:EGN) earned “Outperform” rating by Credit Suisse on Friday, April 1. The firm earned “Neutral” rating on Thursday, July 13 by Citigroup. The rating was upgraded by KLR Group on Monday, November 7 to “Buy”. As per Friday, May 6, the company rating was maintained by Topeka Capital Markets. The firm has “Neutral” rating given on Tuesday, January 26 by Susquehanna. Susquehanna upgraded Energen Corporation (NYSE:EGN) on Wednesday, May 11 to “Positive” rating. As per Friday, May 13, the company rating was upgraded by JP Morgan. UBS upgraded Energen Corporation (NYSE:EGN) on Thursday, March 23 to “Buy” rating. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Tuesday, February 16 by Wunderlich.

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