10,875 Shares in Crescent Energy (NYSE:CRGY) Bought by Carson Advisory Inc.

Carson Advisory Inc. acquired a new position in shares of Crescent Energy (NYSE:CRGY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,875 shares of the company’s stock, valued at approximately $144,000.

Several other large investors have also recently bought and sold shares of CRGY. Magnolia Capital Advisors LLC grew its holdings in Crescent Energy by 0.8% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 125,509 shares of the company’s stock worth $1,550,000 after acquiring an additional 982 shares during the last quarter. Ziegler Capital Management LLC boosted its stake in shares of Crescent Energy by 5.6% in the 4th quarter. Ziegler Capital Management LLC now owns 51,278 shares of the company’s stock valued at $677,000 after purchasing an additional 2,734 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Crescent Energy by 58.5% in the 4th quarter. Amalgamated Bank now owns 7,444 shares of the company’s stock valued at $98,000 after purchasing an additional 2,748 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Crescent Energy by 26.5% in the 4th quarter. Arizona State Retirement System now owns 21,879 shares of the company’s stock valued at $289,000 after purchasing an additional 4,577 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. boosted its stake in Crescent Energy by 5.9% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 144,633 shares of the company’s stock worth $1,828,000 after acquiring an additional 8,069 shares during the last quarter. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Stock Performance

CRGY stock traded up $0.07 during midday trading on Friday, reaching $10.57. 937,087 shares of the company were exchanged, compared to its average volume of 1,326,378. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average price of $11.24 and a two-hundred day moving average price of $11.51. Crescent Energy has a one year low of $9.17 and a one year high of $14.22. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.14 and a beta of 2.29.

Crescent Energy (NYSE:CRGY) last released its quarterly earnings data on Monday, March 4th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.37. The firm had revenue of $657.73 million during the quarter, compared to analysts’ expectations of $584.12 million. Crescent Energy had a net margin of 2.84% and a return on equity of 13.30%. Equities research analysts forecast that Crescent Energy will post 1.28 EPS for the current year.

Crescent Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.12 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.54%. Crescent Energy’s payout ratio is presently 37.21%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Crescent Energy from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Mizuho reiterated a “neutral” rating and issued a $13.00 price objective (down from $14.00) on shares of Crescent Energy in a report on Friday, March 22nd. Wells Fargo & Company lifted their price objective on shares of Crescent Energy from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Stephens reiterated an “overweight” rating and issued a $17.00 price objective on shares of Crescent Energy in a report on Tuesday, March 5th. Finally, Raymond James lowered their price objective on shares of Crescent Energy from $16.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Crescent Energy has an average rating of “Buy” and an average price target of $16.38.

Insider Activity at Crescent Energy

In other Crescent Energy news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.20% of the stock is owned by insiders.

About Crescent Energy

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.