Swiss National Bank Has $2.04 Million Position in Crescent Energy (NYSE:CRGY)

Swiss National Bank lessened its position in Crescent Energy (NYSE:CRGY) by 10.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 154,180 shares of the company’s stock after selling 18,000 shares during the quarter. Swiss National Bank’s holdings in Crescent Energy were worth $2,037,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Crescent Energy by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 482,065 shares of the company’s stock worth $6,093,000 after purchasing an additional 12,903 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Crescent Energy by 134.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,097 shares of the company’s stock worth $178,000 after purchasing an additional 8,092 shares in the last quarter. Arizona State Retirement System raised its position in shares of Crescent Energy by 41.8% in the 3rd quarter. Arizona State Retirement System now owns 17,302 shares of the company’s stock valued at $219,000 after buying an additional 5,097 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Crescent Energy by 1,063.1% in the 3rd quarter. Jump Financial LLC now owns 139,104 shares of the company’s stock valued at $1,758,000 after purchasing an additional 127,144 shares in the last quarter. Finally, Barclays PLC raised its stake in Crescent Energy by 72.3% during the third quarter. Barclays PLC now owns 37,727 shares of the company’s stock worth $477,000 after acquiring an additional 15,827 shares in the last quarter. Institutional investors own 52.11% of the company’s stock.

Insider Buying and Selling

In other Crescent Energy news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.20% of the stock is currently owned by corporate insiders.

Crescent Energy Price Performance

Crescent Energy stock opened at $12.38 on Friday. Crescent Energy has a 52 week low of $9.17 and a 52 week high of $14.22. The company’s 50 day moving average price is $11.55 and its two-hundred day moving average price is $11.49. The stock has a market cap of $2.20 billion, a P/E ratio of -61.87 and a beta of 2.29. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings results on Monday, March 4th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.37. The business had revenue of $657.73 million for the quarter, compared to analyst estimates of $584.12 million. Crescent Energy had a positive return on equity of 12.90% and a negative net margin of 0.67%. On average, equities analysts predict that Crescent Energy will post 1.81 earnings per share for the current year.

Crescent Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.48 annualized dividend and a yield of 3.88%. Crescent Energy’s payout ratio is currently -239.99%.

Analyst Upgrades and Downgrades

CRGY has been the subject of a number of recent research reports. TheStreet raised Crescent Energy from a “d” rating to a “c-” rating in a report on Wednesday, February 14th. Mizuho boosted their price target on Crescent Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Stephens restated an “overweight” rating and issued a $17.00 target price on shares of Crescent Energy in a research note on Tuesday, March 5th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Crescent Energy in a research note on Wednesday, April 10th. They set a “buy” rating and a $18.00 price target for the company. Finally, Truist Financial increased their price objective on Crescent Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.63.

Crescent Energy Profile

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.