Virtu Financial LLC boosted its stake in shares of Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 63.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,546 shares of the oil and gas producer’s stock after purchasing an additional 11,040 shares during the quarter. Virtu Financial LLC’s holdings in Crescent Point Energy were worth $217,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CPG. Schroder Investment Management Group boosted its position in Crescent Point Energy by 104.7% during the 4th quarter. Schroder Investment Management Group now owns 2,551,509 shares of the oil and gas producer’s stock valued at $24,443,000 after purchasing an additional 1,305,114 shares during the period. Mackenzie Financial Corp boosted its position in Crescent Point Energy by 7.5% during the 3rd 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 during the period. Cumberland Partners Ltd boosted its position in Crescent Point Energy by 1,830.8% during the 4th quarter. Cumberland Partners Ltd now owns 708,600 shares of the oil and gas producer’s stock worth $5,423,000 after acquiring an additional 671,900 shares during the period. Point72 Asset Management L.P. acquired a new position in Crescent Point Energy during the 3rd quarter worth $5,331,000. Finally, TD Asset Management Inc. boosted its position in Crescent Point Energy by 6.2% during the 3rd quarter. TD Asset Management Inc. now owns 10,360,008 shares of the oil and gas producer’s stock worth $83,003,000 after acquiring an additional 602,814 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.
CPG stock opened at $6.99 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 0.59. Crescent Point Energy Co. has a 12-month low of $6.40 and a 12-month high of $11.45. The stock has a market capitalization of $3,689.57, a price-to-earnings ratio of 48.29 and a beta of 1.51.
Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings data on Thursday, March 1st. The oil and gas producer reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.13). Crescent Point Energy had a positive return on equity of 1.04% and a negative net margin of 4.23%. The firm had revenue of $721.29 million during the quarter, compared to the consensus estimate of $691.70 million. During the same period in the prior year, the firm posted $0.18 EPS. sell-side analysts expect that Crescent Point Energy Co. will post 0.24 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be paid a $0.023 dividend. The ex-dividend date is Wednesday, March 28th. Crescent Point Energy’s dividend payout ratio is presently -144.99%.
A number of research analysts have issued reports on CPG shares. ValuEngine lowered Crescent Point Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Raymond James Financial lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. AltaCorp Capital reiterated a “buy” rating and set a $16.25 price target on shares of Crescent Point Energy in a research report on Monday, January 15th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Friday, December 29th. Finally, UBS lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Crescent Point Energy presently has a consensus rating of “Hold” and a consensus price target of $13.69.
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Crescent Point Energy 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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