Hexavest Inc. increased its holdings in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 83.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 796,621 shares of the oil and gas producer’s stock after purchasing an additional 362,136 shares during the quarter. Hexavest Inc. owned approximately 0.15% of Crescent Point Energy worth $6,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sciencast Management LP boosted its position in Crescent Point Energy by 26.6% during the 2nd quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 3,204 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its position in shares of Crescent Point Energy by 10.1% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 41,903 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 3,852 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Crescent Point Energy by 84.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 49,736 shares of the oil and gas producer’s stock worth $399,000 after purchasing an additional 22,754 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Crescent Point Energy in the 2nd quarter worth approximately $420,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Crescent Point Energy in the 3rd quarter worth approximately $461,000. 39.92% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. AltaCorp Capital reissued a “buy” rating and issued a $16.25 price target on shares of Crescent Point Energy in a research report on Monday, January 15th. ValuEngine lowered shares of Crescent Point Energy from a “hold” rating to a “sell” rating in a report on Friday. Desjardins lowered shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a report on Tuesday, October 10th. Finally, Scotiabank restated a “buy” rating and issued a $17.00 price objective on shares of Crescent Point Energy in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Crescent Point Energy has a consensus rating of “Hold” and a consensus target price of $13.94.
Shares of Crescent Point Energy Co. (NYSE CPG) traded down $0.21 on Monday, reaching $7.32. 2,580,608 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The stock has a market cap of $4,110.00, a price-to-earnings ratio of -8.32, a PEG ratio of 7.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.72. Crescent Point Energy Co. has a 1-year low of $6.42 and a 1-year high of $12.66.
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Crescent Point Energy Company Profile
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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