1 week Ago By Defense World Staff
Geode Capital Management LLC raised its stake in Crescent Energy ( NYSE:CRGY – Free Report ) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,818,765 shares of the company’s stock after purchasing an additional 464,065 shares during the quarter.
Geode Capital Management LLC owned 1.67% of Crescent Energy worth $55,806,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors also recently modified their holdings of CRGY.
Jones Financial Companies Lllp lifted its stake in Crescent Energy by 206.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company’s stock valued at $52,000 after acquiring an additional 2,377 shares in the last quarter.
GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 1,621 shares in the last quarter.
Toth Financial Advisory Corp purchased a new position in Crescent Energy during the fourth quarter worth about $131,000. PNC Financial Services Group Inc. grew its position in Crescent Energy by 619.
7% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,385 shares of the company’s stock worth $152,000 after purchasing an additional 8,942 shares in the last quarter.
Finally, Olympiad Research LP purchased a new stake in Crescent Energy in the 4th quarter valued at about $174,000. Institutional investors own 52.11% of the company’s stock.
Wall Street Analysts Forecast Growth CRGY has been the subject of several recent analyst reports. Truist Financial upped their target price on Crescent Energy from $18.00 to $21.
00 and gave the company a “buy” rating in a report on Monday, January 13th. Stephens reaffirmed an “overweight” rating and set a $17.00 target price on shares of Crescent Energy in a research report on Monday, March 3rd.
Mizuho lifted their target price on Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th.
JPMorgan Chase & Co. reduced their price target on shares of Crescent Energy from $18.00 to $12.
00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $18.00 price objective (down previously from $23.
00) on shares of Crescent Energy in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Crescent Energy presently has a consensus rating of “Moderate Buy” and an average price target of $17.
00. Insider Buying and Selling In other news, Director Michael Duginski purchased 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $10.
38 per share, with a total value of $41,520.00. Following the completion of the acquisition, the director now owns 233,607 shares in the company, valued at $2,424,840.
66. This represents a 1.74 % increase in their position.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.
91, for a total transaction of $29,221,844.93. The disclosure for this sale can be found here .
In the last quarter, insiders have purchased 24,932 shares of company stock valued at $263,219. Corporate insiders own 13.20% of the company’s stock.
Crescent Energy Stock Up 3.8 % Crescent Energy stock opened at $7.71 on Monday.
The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.44 and a beta of 1.
88. The firm has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $13.
30. Crescent Energy has a 1-year low of $6.83 and a 1-year high of $16.
94. 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 Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th.
Investors of record on Wednesday, March 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 12th.
This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.22%.
Crescent Energy’s payout ratio is -69.57%. 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. Featured Articles Five stocks we like better than Crescent Energy How to Invest in the Best Canadian Stocks Is McDonald’s Stock Serving a Value Meal to Investors? How Investors Can Find the Best Cheap Dividend Stocks Walgreens Comeback? Private Equity Circling for a Buyout Energy and Oil Stocks Explained Coca-Cola Stock Looks Refreshing After the Relief Rally 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.
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