Aigen Investment Management LP Takes Position in Crescent Energy (NYSE:CRGY)

Aigen Investment Management LP bought a new stake in shares of Crescent Energy (NYSE:CRGY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,504 shares of the company's stock, valued at approximately $489,000.

Several other large investors have also recently bought and sold shares of CRGY. Farther Finance Advisors LLC grew its stake in shares of Crescent Energy by 15,675.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company's stock worth $35,000 after purchasing an additional 3,135 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Crescent Energy by 206.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company's stock worth $52,000 after purchasing an additional 2,377 shares during the last quarter. Amalgamated Bank grew its stake in shares of Crescent Energy by 86.4% in the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company's stock worth $54,000 after purchasing an additional 2,272 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Crescent Energy by 48.3% in the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company's stock worth $73,000 after purchasing an additional 1,621 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Crescent Energy in the 3rd quarter worth approximately $121,000. Institutional investors and hedge funds own 52.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRGY shares. Raymond James raised their target price on shares of Crescent Energy from $22.00 to $23.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Stephens reiterated an "overweight" rating and issued a $17.00 target price on shares of Crescent Energy in a report on Monday, March 3rd. Siebert Williams Shank started coverage on shares of Crescent Energy in a report on Monday, February 3rd. They issued a "buy" rating for the company. Mizuho raised their target price 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. Finally, Truist Financial raised their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Crescent Energy presently has a consensus rating of "Buy" and a consensus target price of $17.60.

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Crescent Energy Stock Down 1.4 %

NYSE CRGY traded down $0.16 during trading on Friday, reaching $10.67. The company's stock had a trading volume of 3,878,440 shares, compared to its average volume of 2,814,221. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.43 billion, a PE ratio of 17.20 and a beta of 2.18. The business has a 50-day moving average price of $14.79 and a 200-day moving average price of $13.50. Crescent Energy has a 1-year low of $9.88 and a 1-year high of $16.94.

Crescent Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, March 12th. Crescent Energy's dividend payout ratio is -69.57%.

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.