Quadrature Capital Ltd Sells 55,034 Shares of Crescent Energy (NYSE:CRGY)

Quadrature Capital Ltd lessened its stake in Crescent Energy (NYSE:CRGY - Free Report) by 73.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,978 shares of the company's stock after selling 55,034 shares during the period. Quadrature Capital Ltd's holdings in Crescent Energy were worth $219,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRGY. CWM LLC increased its holdings in shares of Crescent Energy by 618.9% in the second quarter. CWM LLC now owns 2,128 shares of the company's stock valued at $25,000 after buying an additional 1,832 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Crescent Energy in the 2nd quarter worth $32,000. Farther Finance Advisors LLC grew its holdings 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 worth $35,000 after acquiring an additional 3,135 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of Crescent Energy during the second quarter worth $36,000. Finally, Amalgamated Bank lifted its holdings in shares of Crescent Energy by 86.4% during the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock valued at $54,000 after purchasing an additional 2,272 shares during the last quarter. Institutional investors and hedge funds own 52.11% of the company's stock.

Crescent Energy Price Performance

Crescent Energy stock traded down $0.01 on Thursday, reaching $14.77. The company's stock had a trading volume of 3,806,822 shares, compared to its average volume of 2,474,461. The business's fifty day moving average price is $13.60 and its 200 day moving average price is $12.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 23.81 and a beta of 2.17. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $15.54.

Crescent Energy (NYSE:CRGY - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.11. The business had revenue of $744.87 million during the quarter, compared to analyst estimates of $793.88 million. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. During the same quarter last year, the business posted $0.35 earnings per share. Equities analysts expect that Crescent Energy will post 0.96 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.12 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. Crescent Energy's dividend payout ratio (DPR) is presently 77.42%.

Analyst Ratings Changes

CRGY has been the topic of a number of analyst reports. Truist Financial lifted their price target on Crescent Energy from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Mizuho lifted their target price on shares of Crescent Energy from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Pickering Energy Partners initiated coverage on shares of Crescent Energy in a research report on Monday, October 28th. They issued an "outperform" rating for the company. Stephens raised their price objective on shares of Crescent Energy from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. started coverage on shares of Crescent Energy in a research note on Wednesday, September 18th. They set a "neutral" rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Crescent Energy has an average rating of "Buy" and a consensus price target of $16.60.

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.