Jones Financial Companies Lllp Buys 2,377 Shares of Crescent Energy (NYSE:CRGY)

Jones Financial Companies Lllp raised its stake in shares of Crescent Energy (NYSE:CRGY) by 206.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,527 shares of the company’s stock after acquiring an additional 2,377 shares during the period. Jones Financial Companies Lllp’s holdings in Crescent Energy were worth $52,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Amalgamated Bank lifted its stake in Crescent Energy by 86.4% during the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock valued at $54,000 after acquiring an additional 2,272 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Crescent Energy by 48.3% during the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock valued at $73,000 after purchasing an additional 1,621 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Crescent Energy during the 3rd quarter valued at $121,000. Toth Financial Advisory Corp purchased a new stake in shares of Crescent Energy during the 4th quarter valued at $131,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Crescent Energy during the 3rd quarter valued at $155,000. 52.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CRGY shares. Truist Financial raised their target price on Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Williams Trading set a $16.00 target price on Crescent Energy in a research report on Wednesday, March 5th. Siebert Williams Shank started coverage on Crescent Energy in a research report on Monday, February 3rd. They set a “buy” rating for the company. JPMorgan Chase & Co. decreased their target price on Crescent Energy from $18.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Mizuho raised their target price on Crescent Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.45.

Crescent Energy Stock Up 1.3 %

CRGY stock opened at $11.06 on Tuesday. 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 firm has a market capitalization of $2.86 billion, a PE ratio of 17.83 and a beta of 2.18. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $16.94. The stock has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $13.48.

Crescent Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, March 12th. Crescent Energy’s payout ratio is presently -69.57%.

Insider Buying and Selling at Crescent Energy

In other Crescent Energy news, Director Michael Duginski purchased 20,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $10.57 per share, for a total transaction of $211,400.00. Following the transaction, the director now owns 259,607 shares in the company, valued at $2,744,045.99. The trade was a 8.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of Crescent Energy stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $9.91, for a total value of $29,221,844.93. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.

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.