2 weeks Ago By ABMN Staff
Bank of Montreal Can increased its holdings in Crescent Energy ( NYSE:CRGY – Free Report ) by 140.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,949 shares of the company’s stock after buying an additional 19,265 shares during the period.
Bank of Montreal Can’s holdings in Crescent Energy were worth $481,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Crescent Energy by 579.
6% during the 3rd quarter. Barclays PLC now owns 241,137 shares of the company’s stock worth $2,641,000 after purchasing an additional 205,657 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Crescent Energy by 53.
2% in the 3rd quarter. Geode Capital Management LLC now owns 3,354,700 shares of the company’s stock worth $36,741,000 after buying an additional 1,164,306 shares during the last quarter. GAMMA Investing LLC lifted its position in Crescent Energy by 48.
3% during the fourth quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock valued at $73,000 after acquiring an additional 1,621 shares during the last quarter. Everence Capital Management Inc.
acquired a new stake in Crescent Energy in the fourth quarter valued at approximately $312,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Crescent Energy by 2.
4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company’s stock worth $553,000 after purchasing an additional 897 shares during the last quarter.
Hedge funds and other institutional investors own 52.11% of the company’s stock. Analyst Ratings Changes CRGY has been the subject of a number of recent analyst reports.
Citigroup cut Crescent Energy to a “reduce” rating in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on shares of Crescent Energy from $21.00 to $20.
00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Siebert Williams Shank began coverage on shares of Crescent Energy in a research report on Monday, February 3rd. They set a “buy” rating on the stock.
Stephens reaffirmed an “overweight” rating and issued a $17.00 price target on shares of Crescent Energy in a report on Monday, March 3rd. Finally, Raymond James reissued a “strong-buy” rating and set a $18.
00 price objective (down from $23.00) on shares of Crescent Energy in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.80.
Insider Activity at Crescent Energy In other Crescent Energy news, Director Michael Duginski purchased 20,000 shares of Crescent Energy stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $10.57 per share, with a total value of $211,400.
00. Following the acquisition, the director now owns 259,607 shares of the company’s stock, valued at $2,744,045.99.
This trade represents a 8.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.91, for a total value of $29,221,844.
93. The disclosure for this sale can be found here . Insiders bought a total of 24,932 shares of company stock worth $263,219 in the last three months.
Company insiders own 13.20% of the company’s stock. Crescent Energy Stock Down 3.
1 % Crescent Energy stock opened at $8.12 on Tuesday. Crescent Energy has a 52 week low of $6.
83 and a 52 week high of $16.94. The firm has a market cap of $2.
10 billion, a price-to-earnings ratio of 13.10 and a beta of 1.88.
The business’s 50-day moving average price is $10.94 and its 200 day moving average price is $13.14.
The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.
12. Crescent Energy Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.
12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.
91%. The ex-dividend date of this dividend was Wednesday, March 12th. Crescent Energy’s dividend payout ratio (DPR) is -69.
57%. Crescent Energy Company Profile ( Free Report ) Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins.
It also owns and operates various midstream assets, which provide services to customers. Recommended Stories Want to see what other hedge funds are holding CRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Energy ( NYSE:CRGY – Free Report ).
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