Oregon Public Employees Retirement Fund Purchases Shares of 41,100 Crescent Energy (NYSE:CRGY)

Oregon Public Employees Retirement Fund acquired a new position in shares of Crescent Energy (NYSE:CRGY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,100 shares of the company's stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRGY. Farther Finance Advisors LLC lifted its position in 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 during the last quarter. Amalgamated Bank boosted its position in shares of Crescent Energy by 86.4% during the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock worth $54,000 after buying an additional 2,272 shares during the period. GAMMA Investing LLC grew its holdings in 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 buying an additional 1,621 shares in the last quarter. Zacks Investment Management bought a new stake in Crescent Energy during the 3rd quarter valued at $121,000. Finally, Toth Financial Advisory Corp acquired a new position in Crescent Energy during the 4th quarter worth $131,000. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Stock Performance

CRGY stock traded down $0.33 during midday trading on Thursday, hitting $10.72. The stock had a trading volume of 1,402,032 shares, compared to its average volume of 2,727,604. Crescent Energy has a 52 week low of $9.88 and a 52 week high of $16.94. 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 50-day simple moving average of $14.91 and a 200 day simple moving average of $13.50. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 17.28 and a beta of 2.16.

Remove Ads

Crescent Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a yield of 4.48%. Crescent Energy's payout ratio is currently -69.57%.

Analysts Set New Price Targets

CRGY has been the topic of several research analyst reports. Siebert Williams Shank began coverage on shares of Crescent Energy in a research note on Monday, February 3rd. They set a "buy" rating on the stock. Truist Financial upped their target price on Crescent Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Stephens reissued an "overweight" rating and issued a $17.00 price objective on shares of Crescent Energy in a research note on Monday. Raymond James lifted their target price on Crescent Energy from $22.00 to $23.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Mizuho raised their price objective on shares of Crescent Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Crescent Energy currently has an average rating of "Buy" and an average price target of $17.60.

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.