AMH Equity Ltd Invests $1.46 Million in Crescent Energy (NYSE:CRGY)

AMH Equity Ltd acquired a new stake in Crescent Energy (NYSE:CRGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,461,000. Crescent Energy accounts for 1.4% of AMH Equity Ltd’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of CRGY. Farther Finance Advisors LLC grew its position in Crescent Energy by 15,675.0% during the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock worth $35,000 after buying an additional 3,135 shares in the last quarter. Amalgamated Bank lifted its position in shares of Crescent Energy by 86.4% in 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. GAMMA Investing LLC grew its holdings in shares of Crescent Energy by 48.3% during 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. Zacks Investment Management bought a new stake in shares of Crescent Energy during the third quarter valued at approximately $121,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Crescent Energy in the fourth quarter valued at $131,000. Institutional investors and hedge funds own 52.11% of the company’s stock.

Crescent Energy Stock Performance

NYSE:CRGY opened at $13.48 on Thursday. 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 stock has a market capitalization of $3.08 billion, a P/E ratio of 21.74 and a beta of 2.16. The firm has a 50 day moving average of $15.09 and a 200-day moving average of $13.48. Crescent Energy has a 1 year low of $9.88 and a 1 year high of $16.94.

Analyst Ratings Changes

CRGY has been the topic of a number of recent research reports. Mizuho lifted 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. Siebert Williams Shank began coverage on shares of Crescent Energy in a research report on Monday, February 3rd. They set a “buy” rating on the stock. Raymond James increased their price target on shares of Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial raised their price target on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.50.

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.