49,900 Shares in Crescent Energy (NYSE:CRGY) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of Crescent Energy (NYSE:CRGY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 49,900 shares of the company's stock, valued at approximately $729,000.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in Crescent Energy by 206.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company's stock worth $52,000 after purchasing an additional 2,377 shares during the period. GAMMA Investing LLC increased its stake 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 acquiring an additional 1,621 shares during the period. Toth Financial Advisory Corp acquired a new position in Crescent Energy in the fourth quarter worth about $131,000. PNC Financial Services Group Inc. lifted its stake in Crescent Energy by 619.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,385 shares of the company's stock worth $152,000 after purchasing an additional 8,942 shares during the period. Finally, Olympiad Research LP acquired a new stake in Crescent Energy during the fourth quarter valued at approximately $174,000. 52.11% of the stock is owned by institutional investors.

Crescent Energy Stock Up 2.6 %

Shares of CRGY traded up $0.22 on Thursday, hitting $8.49. The company's stock had a trading volume of 2,022,661 shares, compared to its average volume of 3,242,982. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.69 and a beta of 1.88. The firm's fifty day moving average price is $10.56 and its 200-day moving average price is $13.04. Crescent Energy has a fifty-two week low of $6.83 and a fifty-two week high of $16.94.

Crescent Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Wednesday, March 12th. Crescent Energy's dividend payout ratio is -69.57%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. KeyCorp cut their price target on shares of Crescent Energy from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday. Stephens reissued an "overweight" rating and issued a $17.00 price target on shares of Crescent Energy in a report on Monday, March 3rd. Wells Fargo & Company reduced their price objective on Crescent Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Williams Trading set a $16.00 target price on Crescent Energy in a research report on Wednesday, March 5th. Finally, Citigroup lowered Crescent Energy to a "reduce" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

Insider Buying and Selling

In other Crescent Energy news, major shareholder Energy Aggregator Independence sold 2,948,723 shares of Crescent Energy stock in a transaction on Monday, March 10th. The shares were sold at an average price of $9.91, for a total value of $29,221,844.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Duginski acquired 4,000 shares of Crescent Energy stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $10.38 per share, with a total value of $41,520.00. Following the completion of the purchase, the director now owns 233,607 shares in the company, valued at approximately $2,424,840.66. The trade was a 1.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 24,932 shares of company stock worth $263,219 over the last ninety days. Company insiders own 13.20% of the company's stock.

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.