1 week Ago By ABMN Staff
Geode Capital Management LLC increased its stake in Crescent Energy ( NYSE:CRGY – Free Report ) by 13.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,818,765 shares of the company’s stock after purchasing an additional 464,065 shares during the quarter.
Geode Capital Management LLC’s holdings in Crescent Energy were worth $55,806,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of Crescent Energy by 206.
7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company’s stock worth $52,000 after buying an additional 2,377 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Crescent Energy by 48.
3% in the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock worth $73,000 after purchasing an additional 1,621 shares in the last quarter. Toth Financial Advisory Corp bought a new position in shares of Crescent Energy during the 4th quarter valued at about $131,000.
PNC Financial Services Group Inc. raised its holdings in shares of Crescent Energy by 619.7% during the 4th quarter.
PNC Financial Services Group Inc. now owns 10,385 shares of the company’s stock valued at $152,000 after buying an additional 8,942 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in Crescent Energy in the 4th quarter worth approximately $174,000.
52.11% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of brokerages have commented on CRGY.
Wells Fargo & Company reduced their price target on shares of Crescent Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th.
Mizuho boosted their price target on shares of Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th.
Williams Trading set a $16.00 price objective on Crescent Energy in a research note on Wednesday, March 5th. Siebert Williams Shank started coverage on Crescent Energy in a research note on Monday, February 3rd.
They issued a “buy” rating for the company. Finally, Truist Financial raised their price target on Crescent Energy from $18.00 to $21.
00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.
00. Crescent Energy Price Performance CRGY opened at $7.71 on Monday.
The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.
93. The stock has a market capitalization of $1.99 billion, a PE ratio of 12.
44 and a beta of 1.88. The stock’s 50 day moving average price is $11.
75 and its 200-day moving average price is $13.30. Crescent Energy has a 52-week low of $6.
83 and a 52-week high of $16.94. Crescent Energy Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th.
Shareholders of record on Wednesday, March 12th were given a dividend of $0.12 per share. This represents a $0.
48 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Wednesday, March 12th.
Crescent Energy’s payout ratio is currently -69.57%. Insiders Place Their Bets In related news, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the company’s stock in a transaction on Monday, March 10th.
The stock was sold at an average price of $9.91, for a total value of $29,221,844.93.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, Director Michael Duginski acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $10.
38 per share, with a total value of $41,520.00. Following the acquisition, the director now owns 233,607 shares of the company’s stock, valued at $2,424,840.
66. This represents a 1.74 % increase in their position.
The disclosure for this purchase can be found here . In the last ninety days, insiders purchased 24,932 shares of company stock worth $263,219. 13.
20% of the stock is currently owned by corporate insiders. 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. Featured Articles 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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