XTX Topco Ltd Has $240,000 Stake in Crescent Energy (NYSE:CRGY)

XTX Topco Ltd raised its holdings in shares of Crescent Energy (NYSE:CRGY) by 109.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,893 shares of the company’s stock after purchasing an additional 11,444 shares during the quarter. XTX Topco Ltd’s holdings in Crescent Energy were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. increased 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 valued at $92,145,000 after acquiring an additional 6,348,598 shares during the last quarter. State Street Corp raised its stake in shares of Crescent Energy by 78.6% during the 3rd quarter. State Street Corp now owns 6,783,997 shares of the company’s stock worth $74,285,000 after purchasing an additional 2,986,468 shares during the period. Marshall Wace LLP boosted its holdings in shares of Crescent Energy by 286.7% in the 2nd 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 last quarter. Wellington Management Group LLP bought a new position in Crescent Energy during the third quarter valued at about $21,872,000. Finally, Riposte Capital LLC bought a new position in Crescent Energy during the third quarter valued at about $18,232,000. Institutional investors and hedge funds own 52.11% of the company’s stock.

Wall Street Analysts Forecast Growth

CRGY has been the topic of a number of research analyst reports. Stephens boosted their target price on shares of Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Pickering Energy Partners initiated coverage on Crescent Energy in a research note on Monday, October 28th. They issued an “outperform” rating on the stock. Mizuho raised their target price on Crescent Energy from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. assumed coverage on Crescent Energy in a research report on Wednesday, September 18th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.80.

Crescent Energy Stock Down 5.9 %

Shares of NYSE CRGY opened at $13.15 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12. The company has a market cap of $3.00 billion, a P/E ratio of 21.21 and a beta of 2.17. Crescent Energy has a 52 week low of $9.88 and a 52 week high of $15.54. The business has a 50-day simple moving average of $13.67 and a two-hundred day simple moving average of $12.36.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. The company had revenue of $744.87 million during the quarter, compared to analysts’ expectations of $793.88 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. Research analysts anticipate that Crescent Energy will post 0.98 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.65%. The ex-dividend date was Monday, November 18th. Crescent Energy’s dividend payout ratio is 77.42%.

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.