Toth Financial Advisory Corp Acquires Shares of 9,000 Crescent Energy (NYSE:CRGY)

Toth Financial Advisory Corp purchased a new stake in shares of Crescent Energy (NYSE:CRGY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,000 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds have also modified their holdings of CRGY. Dimensional Fund Advisors LP boosted its position in Crescent Energy by 85.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,656,222 shares of the company’s stock valued at $31,477,000 after purchasing an additional 1,226,027 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Crescent Energy by 225.9% during the 2nd quarter. Renaissance Technologies LLC now owns 346,800 shares of the company’s stock valued at $4,110,000 after buying an additional 240,400 shares during the last quarter. Sei Investments Co. grew its stake in shares of Crescent Energy by 1,852.6% in the 2nd quarter. Sei Investments Co. now owns 848,798 shares of the company’s stock valued at $10,058,000 after buying an additional 805,328 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Crescent Energy in the 2nd quarter valued at approximately $2,373,000. Finally, Mackenzie Financial Corp increased its holdings in Crescent Energy by 23.5% in the second quarter. Mackenzie Financial Corp now owns 14,669 shares of the company’s stock worth $174,000 after buying an additional 2,796 shares during the last quarter. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

Crescent Energy Stock Down 2.2 %

CRGY opened at $15.98 on Friday. The business has a 50 day moving average of $14.94 and a 200-day moving average of $12.97. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 25.78 and a beta of 2.17. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. Crescent Energy has a 1-year low of $9.88 and a 1-year high of $16.94.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. The firm had revenue of $744.87 million during the quarter, compared to the consensus estimate of $793.88 million. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. During the same period in the prior year, the firm earned $0.35 EPS. As a group, sell-side analysts anticipate that Crescent Energy will post 0.84 earnings per share for the current year.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Monday, November 18th. Crescent Energy’s dividend payout ratio (DPR) is presently 77.42%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stephens boosted their target price on shares of Crescent Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Mizuho upped their price objective on shares of Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wells Fargo & Company lowered their target price on shares of Crescent Energy from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Pickering Energy Partners assumed coverage on Crescent Energy in a research report on Monday, October 28th. They issued an “outperform” rating for the company. Finally, Truist Financial increased their price objective on Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Crescent Energy has a consensus rating of “Buy” and a consensus target price of $17.50.

Crescent Energy Profile

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.