Jackson Creek Investment Advisors LLC Purchases Shares of 112,769 Crescent Energy (NYSE:CRGY)

Jackson Creek Investment Advisors LLC bought a new position in shares of Crescent Energy (NYSE:CRGY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 112,769 shares of the company's stock, valued at approximately $1,648,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Crescent Energy by 15,675.0% in the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company's stock valued at $35,000 after buying an additional 3,135 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Crescent Energy by 206.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company's stock valued at $52,000 after buying an additional 2,377 shares during the last quarter. Amalgamated Bank increased its holdings in Crescent Energy by 86.4% in the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock valued at $54,000 after buying an additional 2,272 shares during the last quarter. GAMMA Investing LLC increased its holdings in Crescent Energy by 48.3% in the fourth quarter. GAMMA Investing LLC now owns 4,978 shares of the company's stock valued at $73,000 after buying an additional 1,621 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Crescent Energy in the third quarter valued at about $121,000. 52.11% of the stock is owned by hedge funds and other institutional investors.

Crescent Energy Price Performance

Shares of NYSE CRGY traded down $0.16 during trading on Friday, hitting $10.67. The company had a trading volume of 3,878,440 shares, compared to its average volume of 2,814,221. The business's 50-day moving average is $14.79 and its 200 day moving average is $13.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93. Crescent Energy has a 52 week low of $9.88 and a 52 week high of $16.94. The company has a market cap of $2.43 billion, a P/E ratio of 17.20 and a beta of 2.18.

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Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid 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 (DPR) is presently -69.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRGY. Siebert Williams Shank began coverage on Crescent Energy in a report on Monday, February 3rd. They set a "buy" rating for the company. Raymond James upped their target price on Crescent Energy from $22.00 to $23.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Mizuho boosted their price objective on Crescent Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Stephens reiterated an "overweight" rating and set a $17.00 price objective on shares of Crescent Energy in a research report on Monday, March 3rd. Finally, Truist Financial boosted their price objective on Crescent Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Crescent Energy currently has an average rating of "Buy" and an average target price of $17.60.

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.