Crescent Energy Company $CRGY Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Crescent Energy Company (NYSE:CRGY) by 2.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,171,033 shares of the company’s stock after buying an additional 298,818 shares during the period. Dimensional Fund Advisors LP’s holdings in Crescent Energy were worth $177,810,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new stake in shares of Crescent Energy in the 1st quarter valued at $32,000. Fifth Third Bancorp boosted its holdings in Crescent Energy by 109.3% during the 4th quarter. Fifth Third Bancorp now owns 3,905 shares of the company’s stock valued at $33,000 after acquiring an additional 2,039 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Crescent Energy by 134.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock valued at $33,000 after acquiring an additional 2,286 shares during the period. Quarry LP boosted its holdings in 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 period. Finally, Allworth Financial LP grew its position in Crescent Energy by 42.3% in 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 in the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRGY shares. Wall Street Zen lowered shares of Crescent Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Wells Fargo & Company raised their price objective on shares of Crescent Energy from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Mizuho lifted their price objective on shares of Crescent Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. KeyCorp reiterated an “overweight” rating and set a $19.00 target price on shares of Crescent Energy in a report on Thursday, June 11th. Finally, UBS Group assumed coverage on shares of Crescent Energy in a research report on Tuesday, July 14th. They issued a “buy” rating and a $13.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.58.

Crescent Energy Trading Down 0.9%

CRGY opened at $11.29 on Friday. Crescent Energy Company has a one year low of $7.68 and a one year high of $14.29. The company has a market cap of $3.73 billion, a P/E ratio of -15.05 and a beta of 1.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57. The business’s 50-day simple moving average is $11.06 and its 200-day simple moving average is $11.18.

Crescent Energy (NYSE:CRGY) last issued its earnings results on Monday, May 4th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. As a group, equities research analysts expect that Crescent Energy Company will post 1.77 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, May 18th. Crescent Energy’s dividend payout ratio (DPR) is currently -64.00%.

Crescent Energy Profile

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.