Barclays PLC Has $4.27 Million Holdings in Crescent Energy (NYSE:CRGY)

Barclays PLC raised its position in shares of Crescent Energy (NYSE:CRGY - Free Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,319 shares of the company's stock after purchasing an additional 51,182 shares during the period. Barclays PLC owned 0.13% of Crescent Energy worth $4,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Crescent Energy during the 4th quarter worth about $1,811,000. SCP Investment LP bought a new stake in shares of Crescent Energy during the 4th quarter worth $409,000. Clearbridge Investments LLC bought a new stake in shares of Crescent Energy during the 4th quarter worth $9,869,000. Thrivent Financial for Lutherans bought a new stake in shares of Crescent Energy during the 4th quarter worth $2,981,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Crescent Energy by 26.4% during the 4th quarter. Vanguard Group Inc. now owns 20,749,509 shares of the company's stock worth $303,150,000 after buying an additional 4,332,831 shares during the period. 52.11% of the stock is owned by hedge funds and other institutional investors.

Crescent Energy Trading Up 2.7 %

Shares of CRGY stock opened at $8.73 on Monday. Crescent Energy has a 12-month low of $6.83 and a 12-month high of $16.94. The company has a market capitalization of $2.26 billion, a P/E ratio of 14.08 and a beta of 1.88. The firm has a 50-day moving average price of $10.43 and a 200 day moving average price of $13.01. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Wednesday, March 12th. Crescent Energy's dividend payout ratio is currently -69.57%.

Wall Street Analyst Weigh In

CRGY has been the topic of several research analyst reports. Truist Financial raised their price target on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Williams Trading set a $16.00 price target on shares of Crescent Energy in a research report on Wednesday, March 5th. KeyCorp decreased their price target on shares of Crescent Energy from $18.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Raymond James restated a "strong-buy" rating and issued a $18.00 price target (down from $23.00) on shares of Crescent Energy in a research report on Friday, March 28th. Finally, Mizuho raised their price target on shares of Crescent Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $16.80.

Insider Activity at Crescent Energy

In other Crescent Energy news, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $9.91, for a total value of $29,221,844.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Duginski bought 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $10.38 per share, with a total value of $41,520.00. Following the completion of the purchase, the director now owns 233,607 shares of the company's stock, valued at approximately $2,424,840.66. The trade was a 1.74 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 24,932 shares of company stock valued at $263,219 in the last ninety days. Insiders own 13.20% of the company's stock.

About Crescent Energy

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.

Want to see what other hedge funds are holding CRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Energy (NYSE:CRGY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.