Crescent Point Energy Corp. (NYSE:CPG) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Crescent Point Energy Corp. (NYSE:CPGGet Rating) (TSE:CPG) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,380,800 shares of the oil and gas producer’s stock after selling 4,100 shares during the period. Swiss National Bank’s holdings in Crescent Point Energy were worth $9,797,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CPG. EverSource Wealth Advisors LLC acquired a new stake in shares of Crescent Point Energy in the second quarter worth $50,000. PNC Financial Services Group Inc. acquired a new stake in shares of Crescent Point Energy in the first quarter worth $50,000. Lazard Asset Management LLC acquired a new stake in shares of Crescent Point Energy in the first quarter worth $62,000. Stratos Wealth Partners LTD. increased its position in shares of Crescent Point Energy by 14.0% in the second quarter. Stratos Wealth Partners LTD. now owns 12,200 shares of the oil and gas producer’s stock worth $87,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Crescent Point Energy in the second quarter worth $89,000. Institutional investors and hedge funds own 35.40% of the company’s stock.

Crescent Point Energy Price Performance

CPG opened at $8.02 on Monday. The company has a fifty day simple moving average of $7.32 and a 200 day simple moving average of $7.58. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 2.82 and a beta of 2.25. Crescent Point Energy Corp. has a twelve month low of $4.06 and a twelve month high of $10.96. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.13.

Crescent Point Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a dividend of $0.059 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, December 14th. Crescent Point Energy’s payout ratio is 8.45%.

Analyst Ratings Changes

Several research firms have recently issued reports on CPG. StockNews.com began coverage on shares of Crescent Point Energy in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. National Bank Financial lowered their price target on shares of Crescent Point Energy from C$20.00 to C$18.00 in a report on Friday, September 30th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $14.60.

About Crescent Point Energy

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Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana.

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Institutional Ownership by Quarter for Crescent Point Energy (NYSE:CPG)

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