Pacer Advisors Inc. Has $14.43 Million Holdings in Crescent Energy Company $CRGY

Pacer Advisors Inc. cut its holdings in Crescent Energy Company (NYSE:CRGY) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,719,755 shares of the company’s stock after selling 126,607 shares during the period. Pacer Advisors Inc. owned approximately 0.68% of Crescent Energy worth $14,429,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC bought a new position in Crescent Energy during the third quarter valued at about $27,000. Fifth Third Bancorp boosted its stake in shares of Crescent Energy by 109.3% during the 4th quarter. Fifth Third Bancorp now owns 3,905 shares of the company’s stock worth $33,000 after acquiring an additional 2,039 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Crescent Energy by 134.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock worth $33,000 after acquiring an additional 2,286 shares in the last quarter. Quarry LP increased its holdings in shares of Crescent Energy by 303.5% during the 3rd quarter. Quarry LP now owns 4,152 shares of the company’s stock valued at $37,000 after acquiring an additional 3,123 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Crescent Energy by 42.3% during the 4th quarter. Allworth Financial LP now owns 4,712 shares of the company’s stock valued at $40,000 after acquiring an additional 1,401 shares during the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

Crescent Energy Trading Down 0.1%

Shares of NYSE:CRGY opened at $10.43 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of -13.90 and a beta of 1.37. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $10.96. Crescent Energy Company has a 52-week low of $7.68 and a 52-week high of $14.29. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57.

Crescent Energy (NYSE:CRGY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. Equities research analysts predict that Crescent Energy Company will post 1.99 earnings per share for the current year.

Crescent Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s payout ratio is currently -64.00%.

Analyst Ratings Changes

CRGY has been the subject of several analyst reports. Piper Sandler boosted their target price on Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Zacks Research raised Crescent Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Wells Fargo & Company increased their price target on Crescent Energy from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. William Blair reissued an “outperform” rating on shares of Crescent Energy in a research report on Friday, March 6th. Finally, Weiss Ratings cut shares of Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.82.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.