53,623 Shares in Crescent Energy (NYSE:CRGY) Purchased by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC bought a new stake in shares of Crescent Energy (NYSE:CRGY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,623 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds also recently modified their holdings of CRGY. Harbor Capital Advisors Inc. boosted its holdings in Crescent Energy by 2.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company’s stock worth $553,000 after buying an additional 897 shares during the period. GAMMA Investing LLC grew its stake 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 in the last quarter. Amalgamated Bank increased its holdings in Crescent Energy by 86.4% during the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock worth $54,000 after acquiring an additional 2,272 shares during the period. Farther Finance Advisors LLC boosted its holdings in Crescent Energy by 15,675.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock valued at $35,000 after purchasing an additional 3,135 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Crescent Energy by 14.1% during the third quarter. Sunbelt Securities Inc. now owns 33,096 shares of the company’s stock valued at $362,000 after buying an additional 4,102 shares during the period. Institutional investors own 52.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CRGY shares. Raymond James boosted their price objective on Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Siebert Williams Shank assumed coverage on shares of Crescent Energy in a report on Monday, February 3rd. They set a “buy” rating for the company. Mizuho raised their price target on Crescent Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Stephens increased their price objective on Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Pickering Energy Partners began coverage on shares of Crescent Energy in a research report on Monday, October 28th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $17.50.

Crescent Energy Trading Down 0.2 %

Crescent Energy stock opened at $14.23 on Tuesday. Crescent Energy has a 12 month low of $9.88 and a 12 month 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. The business’s fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $13.46. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.95 and a beta of 2.16.

Crescent Energy 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.