Brenham Capital Management LP Has Lifted Its Energen (EGN) Stake by $69.12 Million; Share Price Rose; As Borgwarner (BWA) Share Price Declined, Stephens Cut Holding

February 18, 2018 - By Darrin Black

Stephens Inc decreased its stake in Borgwarner Inc (BWA) by 85.16% based on its latest 2017Q3 regulatory filing with the SEC. Stephens Inc sold 28,609 shares as the company’s stock declined 4.67% while stock markets rallied. The institutional investor held 4,986 shares of the o.e.m. company at the end of 2017Q3, valued at $255,000, down from 33,595 at the end of the previous reported quarter. Stephens Inc who had been investing in Borgwarner Inc for a number of months, seems to be less bullish one the $11.00 billion market cap company. The stock decreased 0.85% or $0.45 during the last trading session, reaching $52.22. About 1.36 million shares traded. BorgWarner Inc. (NYSE:BWA) has risen 25.00% since February 18, 2017 and is uptrending. It has outperformed by 8.30% the S&P500.

Brenham Capital Management Lp increased its stake in Energen Corp (EGN) by 246.15% based on its latest 2017Q3 regulatory filing with the SEC. Brenham Capital Management Lp bought 1.28M shares as the company’s stock rose 5.63% with the market. The institutional investor held 1.80M shares of the oil & gas production company at the end of 2017Q3, valued at $98.42M, up from 520,000 at the end of the previous reported quarter. Brenham Capital Management Lp who had been investing in Energen Corp for a number of months, seems to be bullish on the $5.07B market cap company. The stock increased 0.10% or $0.05 during the last trading session, reaching $52.18. About 1.03M shares traded or 16.74% up from the average. Energen Corporation (NYSE:EGN) has risen 35.21% since February 18, 2017 and is uptrending. It has outperformed by 18.51% the S&P500.

Among 38 analysts covering Energen Corporation (NYSE:EGN), 27 have Buy rating, 2 Sell and 9 Hold. Therefore 71% are positive. Energen Corporation had 117 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan maintained the shares of EGN in report on Tuesday, March 15 with “Neutral” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, October 17. The company was initiated on Monday, December 11 by Credit Suisse. The rating was downgraded by JP Morgan to “Underweight” on Friday, December 15. On Thursday, October 13 the stock rating was maintained by Nomura with “Buy”. Stifel Nicolaus maintained the shares of EGN in report on Monday, May 29 with “Buy” rating. Stifel Nicolaus maintained Energen Corporation (NYSE:EGN) rating on Monday, January 29. Stifel Nicolaus has “Buy” rating and $85.0 target. Citigroup maintained the shares of EGN in report on Monday, September 14 with “Neutral” rating. On Thursday, August 10 the stock rating was maintained by BMO Capital Markets with “Hold”. Topeka Capital Markets maintained the stock with “Buy” rating in Friday, May 6 report.

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. Hudson Valley Inv Advsr Adv reported 0.06% of its portfolio in Energen Corporation (NYSE:EGN). 45,000 are owned by State Of New Jersey Common Pension Fund D. Synovus Financial holds 51,859 shares or 0.05% of its portfolio. Clear Harbor Asset Mngmt Ltd Co accumulated 122,836 shares. Reilly Advisors Ltd Liability Company stated it has 100 shares. Alliancebernstein Ltd Partnership has 55,455 shares. 6,246 are held by Ww Asset. First Trust Advisors Lp has invested 0.02% of its portfolio in Energen Corporation (NYSE:EGN). Hancock stated it has 0.48% in Energen Corporation (NYSE:EGN). Ubs Asset Mgmt Americas Inc accumulated 90,023 shares. Macquarie Gp holds 0.01% of its portfolio in Energen Corporation (NYSE:EGN) for 108,500 shares. Glg Partners Lp, a United Kingdom-based fund reported 7,268 shares. Duncker Streett & Com Incorporated reported 800 shares. Keybank National Association Oh reported 53,727 shares stake. Old Natl National Bank & Trust In stated it has 5,402 shares or 0.02% of all its holdings.

Since August 16, 2017, it had 0 insider buys, and 2 selling transactions for $2.09 million activity. 38,409 shares valued at $2.02 million were sold by GASPAROVIC JOHN J on Monday, December 18. On Tuesday, August 22 CALAWAY TONIT M sold $134,985 worth of BorgWarner Inc. (NYSE:BWA) or 3,000 shares. Ericson Brady D had sold 11,052 shares worth $501,531 on Wednesday, August 16.

Stephens Inc, which manages about $6.58 billion and $2.77 billion US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 22,102 shares to 387,892 shares, valued at $28.89 million in 2017Q3, according to the filing. It also increased its holding in Sherwin Williams Co (NYSE:SHW) by 926 shares in the quarter, for a total of 3,917 shares, and has risen its stake in Chevron Corp New (NYSE:CVX).

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 25 investors sold BWA shares while 176 reduced holdings. 79 funds opened positions while 125 raised stakes. 195.75 million shares or 4.13% more from 187.99 million shares in 2017Q2 were reported. Hermes Mgmt Limited accumulated 0.57% or 747,838 shares. Chicago Equity Prtnrs Ltd Liability Company owns 18,320 shares or 0.03% of their US portfolio. 6,149 were accumulated by Quantitative Systematic Strategies Ltd. Tci Wealth Advisors reported 300 shares. Silvercrest Asset Management Gru Llc has invested 0.41% in BorgWarner Inc. (NYSE:BWA). Hancock owns 64,835 shares. Parallax Volatility Advisers LP owns 3,582 shares for 0% of their portfolio. Liberty Mutual Grp Asset accumulated 0.02% or 8,078 shares. British Columbia – Canada-based Connor Clark And Lunn Invest Mngmt has invested 0.03% in BorgWarner Inc. (NYSE:BWA). Eagle Ridge Inv Mgmt holds 1.94% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 229,008 shares. The South Africa-based Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.09% in BorgWarner Inc. (NYSE:BWA). Patten Group has 35 shares. Prudential Public Ltd Company holds 4,384 shares or 0% of its portfolio. Impax Asset Mgmt holds 376,407 shares. Oppenheimer accumulated 25,623 shares.

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