SG Americas Securities LLC Has $544,000 Stock Holdings in Crescent Energy (NYSE:CRGY)

SG Americas Securities LLC lowered its stake in Crescent Energy (NYSE:CRGY) by 74.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,690 shares of the company’s stock after selling 146,437 shares during the period. SG Americas Securities LLC’s holdings in Crescent Energy were worth $544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRGY. Vanguard Group Inc. boosted its stake in Crescent Energy by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 9,308,793 shares of the company’s stock worth $110,775,000 after purchasing an additional 1,137,367 shares during the period. American Century Companies Inc. boosted its position in shares of Crescent Energy by 444.8% during the second quarter. American Century Companies Inc. now owns 7,775,940 shares of the company’s stock worth $92,145,000 after buying an additional 6,348,598 shares during the period. Marshall Wace LLP boosted its position in shares of Crescent Energy by 286.7% during the second quarter. Marshall Wace LLP now owns 2,830,118 shares of the company’s stock worth $33,537,000 after buying an additional 2,098,303 shares during the period. Dimensional Fund Advisors LP raised its position in Crescent Energy by 85.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,656,222 shares of the company’s stock valued at $31,477,000 after buying an additional 1,226,027 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Crescent Energy by 63.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,590,748 shares of the company’s stock valued at $18,930,000 after acquiring an additional 614,969 shares in the last quarter. Institutional investors and hedge funds own 52.11% of the company’s stock.

Insider Transactions at Crescent Energy

In related news, Director Michael Duginski purchased 9,344 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $10.62 per share, with a total value of $99,233.28. Following the acquisition, the director now directly owns 201,081 shares in the company, valued at $2,135,480.22. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 12,294 shares of company stock worth $131,297. 13.20% of the stock is owned by insiders.

Crescent Energy Price Performance

Shares of NYSE CRGY opened at $12.48 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average price is $11.48 and its two-hundred day moving average price is $11.70. The company has a market cap of $2.21 billion, a PE ratio of -62.40 and a beta of 2.19. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $13.85.

Crescent Energy (NYSE:CRGY) last posted its earnings results on Monday, August 5th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Crescent Energy had a return on equity of 13.41% and a net margin of 0.61%. The business had revenue of $653.28 million for the quarter, compared to analyst estimates of $619.00 million. On average, analysts predict that Crescent Energy will post 1.28 EPS for the current year.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Monday, August 19th. Crescent Energy’s payout ratio is presently -240.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRGY shares. KeyCorp started coverage on shares of Crescent Energy in a research note on Thursday, June 27th. They set an “overweight” rating and a $16.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Crescent Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. assumed coverage on shares of Crescent Energy in a research report on Wednesday, September 18th. They set a “neutral” rating and a $12.00 price target on the stock. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of Crescent Energy in a report on Tuesday, August 6th. Finally, Evercore ISI reiterated an “outperform” rating and set a $17.00 target price on shares of Crescent Energy in a report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.20.

Crescent Energy Company 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.