Corvex Management LP Has Lifted Energen Corp (EGN) Stake by $506.28 Million

March 14, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.02 in 2017 Q3. 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. Waratah Capital Limited stated it has 1.13% of its portfolio in Energen Corporation (NYSE:EGN). Hightower Advisors Limited stated it has 0% in Energen Corporation (NYSE:EGN). Swiss National Bank, a Switzerland-based fund reported 161,900 shares. Arosa Cap Mngmt Ltd Partnership accumulated 92,027 shares. Quantbot Technology LP has 0.04% invested in Energen Corporation (NYSE:EGN). Bluemountain Cap Management Ltd Limited Liability Company has 0.03% invested in Energen Corporation (NYSE:EGN). Gabelli Funds Limited Liability Corp holds 0.01% or 21,000 shares in its portfolio. Clinton Group Inc Inc reported 9,239 shares. Rothschild Asset Mngmt holds 716,336 shares. Northwestern Mutual Wealth Mngmt owns 1,057 shares or 0% of their US portfolio. Manufacturers Life Insur Company The reported 142,574 shares or 0.01% of all its holdings. Reilly Advisors Lc reported 0% stake. Louisiana State Employees Retirement Sys holds 0.07% of its portfolio in Energen Corporation (NYSE:EGN) for 26,000 shares. Stifel Fincl invested 0% in Energen Corporation (NYSE:EGN). Trust Com Of Vermont reported 2,093 shares or 0.01% of all its holdings.

Since March 9, 2018, it had 1 insider buy, and 0 sales 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 9.38 million 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 $535.36 million, 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 $5.58B 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 $8.18 billion and $2.66B US Long portfolio, decreased its stake in Signet Jewelers Limited (NYSE:SIG) by 2.88M shares to 335,052 shares, valued at $22.30M in 2017Q3, according to the filing. It also reduced its holding in Envision Healthcare Corp (Call) by 678,400 shares in the quarter, leaving it with 271,600 shares, and cut its stake in Jetblue Airways Corp (NASDAQ:JBLU).

More news for Energen Corporation (NYSE:EGN) were recently published by:, which released: “Energen to add directors, business review in agreement with Corvex” on March 08, 2018.‘s article titled: “Energen Appoints Two New Independent Directors” and published on March 07, 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. Seaport Global upgraded the shares of EGN in report on Tuesday, May 10 to “Buy” rating. The stock has “Neutral” rating by JP Morgan on Tuesday, March 15. The stock of Energen Corporation (NYSE:EGN) earned “Buy” rating by KLR Group on Monday, November 7. J.P. Morgan downgraded Energen Corporation (NYSE:EGN) on Thursday, July 20 to “Hold” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, January 24. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. Wells Fargo initiated the stock with “Hold” rating in Friday, December 1 report. On Monday, September 14 the stock rating was maintained by Citigroup with “Neutral”. Susquehanna upgraded the stock to “Positive” rating in Wednesday, May 11 report. The stock has “Buy” rating by Nomura on Thursday, October 13.

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