Corvex Management LP Boosted Its Stake in Energen Corp (EGN) by $506.28 Million as Shares Rose

March 14, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.19, from 1.21 in 2017Q2. It dived, as 34 investors sold EGN shares while 86 reduced holdings. 41 funds opened positions while 81 raised stakes. 89.38 million shares or 7.87% less from 97.02 million shares in 2017Q2 were reported. Ameriprise Fin Inc invested in 441,412 shares or 0.01% of the stock. Principal Fincl Gp reported 415,180 shares stake. Natl Bank Of America Corp De has 0.01% invested in Energen Corporation (NYSE:EGN) for 580,954 shares. Glg Limited Liability Co holds 0.47% of its portfolio in Energen Corporation (NYSE:EGN) for 132,938 shares. Bluemountain Cap Limited Liability Corporation invested 0.03% of its portfolio in Energen Corporation (NYSE:EGN). Eaton Vance Mgmt owns 17,489 shares for 0% of their portfolio. Freestone Hldg Limited Liability Corp has invested 0.02% in Energen Corporation (NYSE:EGN). Cramer Rosenthal Mcglynn Llc has invested 1.25% in Energen Corporation (NYSE:EGN). Oakworth Capital accumulated 17,017 shares. Connecticut-based Cubist Systematic Strategies Ltd Liability Company has invested 0.04% in Energen Corporation (NYSE:EGN). Victory Management Inc, Ohio-based fund reported 3.10 million shares. Old Comml Bank In holds 0.02% in Energen Corporation (NYSE:EGN) or 5,402 shares. Waratah Advisors Limited accumulated 162,894 shares. M&T Natl Bank Corp has 0% invested in Energen Corporation (NYSE:EGN). Cutter Brokerage, a Missouri-based fund reported 44,790 shares.

Since March 9, 2018, it had 1 buying transaction, and 0 selling transactions for $1.00 million activity.

Keith Meister increased its stake in Energen Corp (EGN) by 2258.08% based on its latest 2017Q3 regulatory filing with the SEC. Corvex Management Lp bought 9.38M shares as the company’s stock rose 5.63% with the market. The hedge fund run by Keith Meister held 9.79M shares of the oil & gas production company at the end of 2017Q3, valued at $535.36M, up from 415,200 at the end of the previous reported quarter. Corvex Management Lp who had been investing in Energen Corp for a number of months, seems to be bullish on the $5.58 billion market cap company. The stock decreased 1.21% or $0.7 during the last trading session, reaching $57.25. About 537,164 shares traded. Energen Corporation (NYSE:EGN) has risen 35.21% since March 14, 2017 and is uptrending. It has outperformed by 18.51% the S&P500.

Corvex Management Lp, which manages about $8.18B and $2.66B US Long portfolio, decreased its stake in T Mobile Us Inc (NYSE:TMUS) by 662,335 shares to 337,665 shares, valued at $20.82 million in 2017Q3, according to the filing. It also reduced its holding in Medicines Co (NASDAQ:MDCO) by 533,227 shares in the quarter, leaving it with 2.41 million shares, and cut its stake in Jetblue Airways Corp (Call) (NASDAQ:JBLU).

More news for Energen Corporation (NYSE:EGN) were recently published by:, which released: “Energen Appoints Two New Independent Directors” on March 07, 2018.‘s article titled: “Energen to add directors, business review in agreement with Corvex” and published on March 08, 2018 is yet another important article.

Energen Corporation (NYSE:EGN) Ratings Coverage

Among 38 analysts covering Energen Corporation (NYSE:EGN), 26 have Buy rating, 2 Sell and 10 Hold. Therefore 68% are positive. Energen Corporation had 123 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura maintained it with “Buy” rating and $65 target in Thursday, October 13 report. The firm has “Hold” rating given on Friday, December 1 by Wells Fargo. The company was downgraded on Thursday, July 20 by J.P. Morgan. The firm earned “Hold” rating on Tuesday, June 14 by Deutsche Bank. The stock of Energen Corporation (NYSE:EGN) earned “Buy” rating by Seaport Global on Friday, January 26. Credit Suisse initiated Energen Corporation (NYSE:EGN) rating on Monday, December 11. Credit Suisse has “Hold” rating and $60.0 target. The stock has “Buy” rating by Suntrust Robinson on Tuesday, February 16. JP Morgan maintained it with “Underweight” rating and $62 target in Monday, March 5 report. RBC Capital Markets initiated it with “Sector Perform” rating and $63 target in Friday, October 30 report. The stock of Energen Corporation (NYSE:EGN) earned “Buy” rating by Seaport Global on Tuesday, May 10.

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