Crescent Energy (NYSE:CRGY) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Crescent Energy (NYSE:CRGY) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,263 shares of the company’s stock after buying an additional 19,322 shares during the quarter. Quantbot Technologies LP’s holdings in Crescent Energy were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Crescent Energy by 13.9% in the first quarter. Vanguard Group Inc. now owns 9,308,793 shares of the company’s stock valued at $110,775,000 after acquiring an additional 1,137,367 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Crescent Energy by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,999 shares of the company’s stock valued at $453,000 after buying an additional 2,692 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Crescent Energy during the 1st quarter worth approximately $145,000. California State Teachers Retirement System grew its holdings in shares of Crescent Energy by 11.3% in the 1st quarter. California State Teachers Retirement System now owns 91,622 shares of the company’s stock worth $1,090,000 after acquiring an additional 9,289 shares during the period. Finally, Virtu Financial LLC purchased a new position in Crescent Energy in the 1st quarter valued at approximately $179,000. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRGY has been the topic of several research reports. Mizuho upped their target price on Crescent Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Raymond James raised their target price on shares of Crescent Energy from $19.00 to $20.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Crescent Energy in a report on Tuesday, September 24th. Pickering Energy Partners began coverage on Crescent Energy in a research note on Monday, October 28th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on Crescent Energy in a research note on Wednesday, September 18th. They set a “neutral” rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.30.

Crescent Energy Stock Up 0.4 %

Shares of Crescent Energy stock opened at $14.87 on Friday. The company has a fifty day moving average price of $12.97 and a 200 day moving average price of $12.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $15.54. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 23.92 and a beta of 2.19.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, November 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. The business had revenue of $744.87 million for the quarter, compared to the consensus estimate of $793.88 million. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. During the same period last year, the business posted $0.35 EPS. Equities research analysts forecast that Crescent Energy will post 0.97 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%. Crescent Energy’s payout ratio is currently 77.42%.

Crescent Energy Company Profile

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.