Systematic Financial Management LP Buys Shares of 72,573 Crescent Energy (NYSE:CRGY)

Systematic Financial Management LP bought a new stake in Crescent Energy (NYSE:CRGY - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 72,573 shares of the company's stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRGY. Jackson Creek Investment Advisors LLC lifted its position in shares of Crescent Energy by 1.0% during the 2nd quarter. Jackson Creek Investment Advisors LLC now owns 90,933 shares of the company's stock worth $1,078,000 after purchasing an additional 883 shares during the last quarter. CWM LLC boosted its position in shares of Crescent Energy by 618.9% during the 2nd quarter. CWM LLC now owns 2,128 shares of the company's stock worth $25,000 after acquiring an additional 1,832 shares in the last quarter. Amalgamated Bank raised its position in shares of Crescent Energy by 86.4% during the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company's stock worth $54,000 after acquiring an additional 2,272 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Crescent Energy during the second quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Crescent Energy by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,999 shares of the company's stock valued at $453,000 after purchasing an additional 2,692 shares in the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

Crescent Energy Stock Performance

CRGY traded down $0.22 during trading on Friday, hitting $14.20. The stock had a trading volume of 7,208,301 shares, compared to its average volume of 2,720,420. The firm has a market capitalization of $3.24 billion, a P/E ratio of 22.90 and a beta of 2.17. 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 twelve month low of $9.88 and a twelve month high of $15.54. The company's 50-day moving average price is $13.37 and its 200 day moving average price is $12.26.

Crescent Energy (NYSE:CRGY - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.11. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. The firm had revenue of $744.87 million during the quarter, compared to analysts' expectations of $793.88 million. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts forecast that Crescent Energy will post 0.97 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors 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 3.38%. Crescent Energy's dividend payout ratio (DPR) is presently 77.42%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRGY. Evercore ISI restated an "outperform" rating and set a $17.00 price objective on shares of Crescent Energy in a research report on Tuesday, September 24th. Stephens raised their price objective on Crescent Energy from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Raymond James boosted their target price on Crescent Energy from $19.00 to $20.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. 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 report on Thursday. Finally, Mizuho raised 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. Two 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's stock. Based on data from MarketBeat, Crescent Energy has an average rating of "Buy" and an average target price of $16.60.

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.