Crescent Energy (NYSE:CRGY) Position Lifted by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Crescent Energy (NYSE:CRGY) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,700,925 shares of the company’s stock after buying an additional 1,436,084 shares during the quarter. American Century Companies Inc. owned approximately 5.56% of Crescent Energy worth $185,561,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CRGY. Jones Financial Companies Lllp lifted its position 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 lifted its position 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 buying an additional 1,621 shares during the last quarter. Zacks Investment Management bought a new position in shares of Crescent Energy in the 3rd quarter worth about $121,000. Toth Financial Advisory Corp bought a new position in shares of Crescent Energy in the 4th quarter worth about $131,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of 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 buying an additional 8,942 shares during the last quarter. 52.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRGY has been the topic of a number of recent research reports. Citigroup downgraded shares of Crescent Energy to a “reduce” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Crescent Energy from $18.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Raymond James lifted 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 report on Thursday, January 23rd. Siebert Williams Shank initiated coverage on shares of Crescent Energy in a research report on Monday, February 3rd. They issued a “buy” rating on the stock. Finally, Mizuho lifted their price objective on shares of Crescent Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Crescent Energy presently has a consensus rating of “Moderate Buy” and an average target price of $17.45.

Crescent Energy Stock Down 1.8 %

Crescent Energy stock opened at $11.44 on Friday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 18.44 and a beta of 2.18. 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 company’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $13.46. Crescent Energy has a 52 week low of $9.88 and a 52 week high of $16.94.

Crescent Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.48 annualized dividend and a dividend yield of 4.20%. Crescent Energy’s dividend payout ratio is currently -69.57%.

Insider Transactions at Crescent Energy

In other Crescent Energy news, Director Michael Duginski acquired 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $10.38 per share, with a total value of $41,520.00. Following the purchase, the director now directly owns 233,607 shares of the company’s stock, valued at approximately $2,424,840.66. This trade represents a 1.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of Crescent Energy stock in a transaction that occurred on Monday, March 10th. The stock was 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. Insiders have acquired 24,932 shares of company stock valued at $263,219 in the last quarter. Insiders own 13.20% of the company’s stock.

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.