AMH Equity Ltd Takes Position in Crescent Energy (NYSE:CRGY)

AMH Equity Ltd acquired a new stake in Crescent Energy (NYSE:CRGY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,461,000. Crescent Energy comprises approximately 1.4% of AMH Equity Ltd's holdings, making the stock its 17th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised 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 valued at $35,000 after purchasing an additional 3,135 shares in the last quarter. Amalgamated Bank raised 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 valued at $54,000 after purchasing an additional 2,272 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $73,000 after purchasing an additional 1,621 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Crescent Energy in the 3rd quarter valued at about $121,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Crescent Energy in the 4th quarter valued at about $131,000. 52.11% of the stock is owned by hedge funds and other institutional investors.

Crescent Energy Stock Performance

Shares of NYSE CRGY traded down $0.17 during mid-day trading on Friday, reaching $12.62. 4,736,526 shares of the company were exchanged, compared to its average volume of 2,513,696. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $16.94. The stock has a market capitalization of $2.88 billion, a P/E ratio of 20.35 and a beta of 2.16. The company's 50-day simple moving average is $15.06 and its 200-day simple moving average is $13.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.80%. The ex-dividend date is Wednesday, March 12th. Crescent Energy's dividend payout ratio is currently -69.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRGY shares. Raymond James upped their target price on shares of Crescent Energy from $22.00 to $23.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Siebert Williams Shank began coverage on shares of Crescent Energy in a research note on Monday, February 3rd. They issued a "buy" rating on the stock. Truist Financial raised their price target on shares of Crescent Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Mizuho raised their price target on shares of Crescent Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $17.50.

Crescent Energy Company 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.