Crescent Energy Company $CRGY Shares Sold by HITE Hedge Asset Management LLC

Posted by George Bondi on Jun 13th, 2026

HITE Hedge Asset Management LLC reduced its position in shares of Crescent Energy Company (NYSE:CRGY – Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,678,232 shares of the company’s stock after selling 476,727 shares during the period. Crescent Energy makes up about 1.4% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 21st largest position. HITE Hedge Asset Management LLC owned approximately 1.05% of Crescent Energy worth $22,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Crescent Energy by 25.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,301 shares of the company’s stock worth $46,000 after acquiring an additional 1,066 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Crescent Energy by 2.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 62,706 shares of the company’s stock worth $526,000 after acquiring an additional 1,245 shares during the period. AQR Capital Management LLC boosted its position in Crescent Energy by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock worth $192,000 after acquiring an additional 1,397 shares during the period. Allworth Financial LP boosted its position in Crescent Energy by 42.3% during the 4th quarter. Allworth Financial LP now owns 4,712 shares of the company’s stock worth $40,000 after acquiring an additional 1,401 shares during the period. Finally, Comerica Bank boosted its position in Crescent Energy by 2.1% during the 3rd quarter. Comerica Bank now owns 84,852 shares of the company’s stock worth $757,000 after acquiring an additional 1,726 shares during the period. 52.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRGY shares. KeyCorp restated an “overweight” rating and set a $19.00 price objective on shares of Crescent Energy in a research report on Thursday. William Blair restated an “outperform” rating on shares of Crescent Energy in a research report on Friday, March 6th. Wall Street Zen upgraded Crescent Energy from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research upgraded Crescent Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Finally, Weiss Ratings lowered Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Crescent Energy currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

View Our Latest Stock Report on CRGY

Crescent Energy Stock Up 0.7%

Shares of Crescent Energy stock opened at $11.57 on Friday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -15.42 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.57 and a quick ratio of 0.57. Crescent Energy Company has a 52-week low of $7.68 and a 52-week high of $14.29. The stock has a 50-day simple moving average of $12.60 and a 200-day simple moving average of $10.91.

Crescent Energy (NYSE:CRGY – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. On average, equities research analysts expect that Crescent Energy Company will post 1.99 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, May 18th. Crescent Energy’s payout ratio is currently -64.00%.

Crescent Energy Profile

(Free Report)

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.