Crescent Point Energy Co. (CPG) Holdings Raised by Hexavest Inc.

Hexavest Inc. grew its holdings in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 83.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 796,621 shares of the oil and gas producer’s stock after acquiring an additional 362,136 shares during the quarter. Hexavest Inc. owned 0.15% of Crescent Point Energy worth $6,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CPG. Fiera Capital Corp boosted its holdings in Crescent Point Energy by 1,017.4% in the second quarter. Fiera Capital Corp now owns 1,880,707 shares of the oil and gas producer’s stock worth $14,361,000 after acquiring an additional 1,712,394 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Crescent Point Energy by 7.5% in the third quarter. Mackenzie Financial Corp now owns 15,154,711 shares of the oil and gas producer’s stock worth $121,995,000 after acquiring an additional 1,059,760 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Crescent Point Energy by 46.9% in the third quarter. Intact Investment Management Inc. now owns 3,010,220 shares of the oil and gas producer’s stock worth $30,162,000 after acquiring an additional 960,900 shares in the last quarter. Lincluden Management Ltd. boosted its holdings in Crescent Point Energy by 19.7% in the third quarter. Lincluden Management Ltd. now owns 4,961,747 shares of the oil and gas producer’s stock worth $39,863,000 after acquiring an additional 815,095 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Crescent Point Energy in the third quarter worth about $5,331,000. 39.68% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Crescent Point Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Desjardins downgraded Crescent Point Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised Crescent Point Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. UBS Group downgraded Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $14.00 price target on shares of Crescent Point Energy in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.17.

Crescent Point Energy Co. (NYSE:CPG) opened at $9.01 on Friday. Crescent Point Energy Co. has a 12 month low of $6.42 and a 12 month high of $13.09. The stock has a market capitalization of $4,917.60, a PE ratio of 28.16, a PEG ratio of 14.65 and a beta of 1.52. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44.

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About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company'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, Montana, Colorado, and Utah.

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

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