Crescent Energy (NYSE:CRGY) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. trimmed its stake in Crescent Energy (NYSE:CRGY) by 85.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,421 shares of the company’s stock after selling 266,118 shares during the quarter. Phocas Financial Corp.’s holdings in Crescent Energy were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRGY. Creative Planning lifted its stake in shares of Crescent Energy by 37.1% during the third quarter. Creative Planning now owns 112,834 shares of the company’s stock valued at $1,236,000 after buying an additional 30,530 shares during the period. Farther Finance Advisors LLC raised 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 acquiring an additional 3,135 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Crescent Energy by 135.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,934 shares of the company’s stock worth $404,000 after purchasing an additional 21,221 shares during the period. Amalgamated Bank boosted its holdings in shares of Crescent Energy by 86.4% during the third quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock worth $54,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Callahan Advisors LLC purchased a new stake in shares of Crescent Energy in the third quarter valued at $602,000. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRGY. Truist Financial increased their target price on Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho boosted their target price on shares of Crescent Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Siebert Williams Shank initiated coverage on shares of Crescent Energy in a research note on Monday, February 3rd. They set a “buy” rating on the stock. Finally, Raymond James boosted their price objective on shares of Crescent Energy from $22.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.50.

Crescent Energy Trading Down 3.5 %

NYSE:CRGY opened at $13.71 on Wednesday. The business’s 50-day moving average is $15.08 and its two-hundred day moving average is $13.48. The firm has a market capitalization of $3.13 billion, a PE ratio of 22.10 and a beta of 2.16. Crescent Energy has a 12 month low of $9.88 and a 12 month high of $16.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93.

About Crescent Energy

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.