Quantbot Technologies LP Boosts Holdings in Crescent Energy (NYSE:CRGY)

Quantbot Technologies LP grew its position in Crescent Energy (NYSE:CRGY) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,263 shares of the company’s stock after purchasing an additional 19,322 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Crescent Energy worth $1,569,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Crescent Energy by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 9,308,793 shares of the company’s stock worth $110,775,000 after buying an additional 1,137,367 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Crescent Energy by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,999 shares of the company’s stock valued at $453,000 after acquiring an additional 2,692 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Crescent Energy in the 1st quarter valued at approximately $145,000. California State Teachers Retirement System boosted its stake in Crescent Energy by 11.3% in the 1st quarter. California State Teachers Retirement System now owns 91,622 shares of the company’s stock worth $1,090,000 after purchasing an additional 9,289 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Crescent Energy during the 1st quarter worth approximately $179,000. 52.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CRGY. JPMorgan Chase & Co. started coverage on shares of Crescent Energy in a report on Wednesday, September 18th. They issued a “neutral” rating and a $12.00 price target for the company. Pickering Energy Partners started coverage on Crescent Energy in a research note on Monday, October 28th. They set an “outperform” rating on the stock. Evercore ISI reissued an “outperform” rating and issued a $17.00 price objective on shares of Crescent Energy in a report on Tuesday, September 24th. Truist Financial decreased their target price on Crescent Energy from $19.00 to $15.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company cut their price target on shares of Crescent Energy from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $16.30.

Crescent Energy Stock Up 0.4 %

Shares of NYSE CRGY opened at $14.87 on Friday. The stock has a market cap of $3.39 billion, a P/E ratio of 23.92 and a beta of 2.19. The business’s fifty day simple moving average is $12.97 and its 200-day simple moving average is $12.15. Crescent Energy has a 12-month low of $9.88 and a 12-month high of $15.54. 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 (NYSE:CRGY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $744.87 million for the quarter, compared to the consensus estimate of $793.88 million. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities analysts predict that Crescent Energy will post 0.97 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.48 annualized dividend and a dividend yield of 3.23%. Crescent Energy’s dividend payout ratio is presently 77.42%.

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.