Aventail Capital Group LP grew its position in Crescent Energy Company (NYSE:CRGY – Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,085,739 shares of the company’s stock after purchasing an additional 87,989 shares during the period. Aventail Capital Group LP owned about 0.43% of Crescent Energy worth $9,109,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in CRGY. Caitlin John LLC purchased a new stake in shares of Crescent Energy in the third quarter valued at about $27,000. Fifth Third Bancorp grew its position in Crescent Energy by 109.3% during the fourth quarter. Fifth Third Bancorp now owns 3,905 shares of the company’s stock valued at $33,000 after buying an additional 2,039 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Crescent Energy by 134.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock valued at $33,000 after buying an additional 2,286 shares during the period. Quarry LP grew its position in Crescent Energy by 303.5% during the third quarter. Quarry LP now owns 4,152 shares of the company’s stock valued at $37,000 after buying an additional 3,123 shares during the period. Finally, Allworth Financial LP grew its position in Crescent Energy by 42.3% during the fourth quarter. Allworth Financial LP now owns 4,712 shares of the company’s stock valued at $40,000 after buying an additional 1,401 shares during the period. Hedge funds and other institutional investors own 52.11% of the company’s stock.
Crescent Energy Price Performance
Shares of NYSE:CRGY opened at $10.78 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $3.56 billion, a PE ratio of -14.38 and a beta of 1.37. Crescent Energy Company has a twelve month low of $7.68 and a twelve month high of $14.29. The company has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $10.96.
Crescent Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, May 18th. Crescent Energy’s dividend payout ratio (DPR) is currently -64.00%.
Analysts Set New Price Targets
Several research firms recently weighed in on CRGY. Mizuho increased their price target on shares of Crescent Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Crescent Energy from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Johnson Rice restated an “accumulate” rating and set a $19.00 price target on shares of Crescent Energy in a research report on Wednesday, March 25th. Stephens restated an “overweight” rating and set a $18.00 price target on shares of Crescent Energy in a research report on Tuesday, May 5th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $20.00 price target on shares of Crescent Energy in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.
Check Out Our Latest Report on Crescent Energy
About Crescent Energy
Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.
Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.
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