Peregrine Capital Management LLC Has $5.44 Million Stock Holdings in Crescent Energy (NYSE:CRGY)

Peregrine Capital Management LLC lowered its holdings in shares of Crescent Energy (NYSE:CRGY - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,396 shares of the company's stock after selling 112,690 shares during the quarter. Peregrine Capital Management LLC owned 0.16% of Crescent Energy worth $5,441,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CRGY. Creative Planning raised its position in shares of Crescent Energy by 37.1% during the third quarter. Creative Planning now owns 112,834 shares of the company's stock worth $1,236,000 after purchasing an additional 30,530 shares during the period. Montgomery Investment Management Inc. acquired a new position in shares of Crescent Energy in the third quarter valued at approximately $272,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 period. Harbor Capital Advisors Inc. boosted its holdings in shares of Crescent Energy by 135.1% in the third quarter. Harbor Capital Advisors Inc. now owns 36,934 shares of the company's stock valued at $404,000 after buying an additional 21,221 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of 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 period. Institutional investors and hedge funds own 52.11% of the company's stock.

Crescent Energy Stock Performance

NYSE:CRGY traded down $0.73 during mid-day trading on Friday, hitting $14.29. The stock had a trading volume of 2,808,533 shares, compared to its average volume of 2,288,116. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $16.94. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 23.04 and a beta of 2.16. The company's 50 day simple moving average is $15.09 and its 200 day simple moving average is $13.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93.

Analysts Set New Price Targets

Several research firms have issued reports on CRGY. Raymond James lifted their price target on Crescent Energy from $22.00 to $23.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Truist Financial upped their price target on Crescent Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Pickering Energy Partners started coverage on Crescent Energy in a research report on Monday, October 28th. They set an "outperform" rating for the company. Mizuho lifted 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. Finally, Stephens lifted their price target on shares of Crescent Energy from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $17.50.

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.