1 day Ago By ABMN Staff
Arizona State Retirement System boosted its position in Crescent Energy ( NYSE:CRGY – Free Report ) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,557 shares of the company’s stock after purchasing an additional 4,640 shares during the period.
Arizona State Retirement System’s holdings in Crescent Energy were worth $315,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also bought and sold shares of CRGY. CWM LLC boosted its position in Crescent Energy by 618.
9% in the second quarter. CWM LLC now owns 2,128 shares of the company’s stock worth $25,000 after purchasing an additional 1,832 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Crescent Energy in the second quarter worth about $32,000.
Spirit of America Management Corp NY bought a new position in shares of Crescent Energy in the second quarter worth about $36,000. GAMMA Investing LLC raised its stake in shares of Crescent Energy by 186.5% in the first quarter.
GAMMA Investing LLC now owns 4,507 shares of the company’s stock worth $54,000 after buying an additional 2,934 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Crescent Energy by 58.5% in the fourth quarter.
Amalgamated Bank now owns 7,444 shares of the company’s stock worth $98,000 after buying an additional 2,748 shares during the period. 52.11% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms have recently commented on CRGY. Wolfe Research began coverage on Crescent Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $16.
00 price objective on the stock. Truist Financial decreased their price objective on Crescent Energy from $20.00 to $19.
00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Mizuho decreased their target price on Crescent Energy from $14.00 to $13.
00 and set a “neutral” rating on the stock in a research note on Monday. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of Crescent Energy in a research note on Tuesday, August 6th.
Finally, KeyCorp started coverage on Crescent Energy in a research note on Thursday, June 27th. They set an “overweight” rating and a $16.00 target price on the stock.
One research analyst has rated the stock with a hold rating, six 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 an average rating of “Buy” and a consensus price target of $16.
70. Crescent Energy Stock Up 2.8 % Shares of CRGY opened at $10.
99 on Wednesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -54.
95 and a beta of 2.26. Crescent Energy has a 1 year low of $9.
88 and a 1 year high of $13.85. The business’s 50 day simple moving average is $11.
40 and its 200-day simple moving average is $11.59. The company has a debt-to-equity ratio of 1.
13, a current ratio of 1.87 and a quick ratio of 1.87.
Crescent Energy ( NYSE:CRGY – Get Free Report ) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
26 by $0.05. The business had revenue of $653.
28 million for the quarter, compared to analysts’ expectations of $619.00 million. Crescent Energy had a return on equity of 13.
41% and a net margin of 0.61%. As a group, equities analysts expect that Crescent Energy will post 1.
31 earnings per share for the current fiscal year. Crescent Energy Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.
12 per share. The ex-dividend date was Monday, August 19th. This represents a $0.
48 annualized dividend and a dividend yield of 4.37%. Crescent Energy’s dividend payout ratio (DPR) is -240.
00%. Insider Transactions at Crescent Energy In related news, Director Michael Duginski bought 9,344 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $10.
62 per share, with a total value of $99,233.28. Following the transaction, the director now owns 201,081 shares in the company, valued at approximately $2,135,480.
22. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Insiders have bought 12,294 shares of company stock valued at $131,297 in the last ninety days.
Corporate insiders own 13.20% of the company’s stock. Crescent Energy 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. Read More 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 ). Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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