Crescent Energy (NYSE:CRGY - Get Free Report) Director Michael Duginski acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $10.38 per share, for a total transaction of $41,520.00. Following the acquisition, the director now directly owns 233,607 shares in the company, valued at approximately $2,424,840.66. This trade represents a 1.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael Duginski also recently made the following trade(s):
- On Thursday, March 13th, Michael Duginski bought 20,000 shares of Crescent Energy stock. The shares were acquired at an average cost of $10.57 per share, for a total transaction of $211,400.00.
Crescent Energy Trading Down 2.2 %
Shares of NYSE CRGY opened at $10.49 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 16.91 and a beta of 2.18. The stock's 50 day moving average price is $14.55 and its two-hundred day moving average price is $13.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12. Crescent Energy has a 52-week low of $9.88 and a 52-week high of $16.94.
Crescent Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Wednesday, March 12th. Crescent Energy's dividend payout ratio (DPR) is -69.57%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in Crescent Energy by 35.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,704 shares of the company's stock valued at $40,000 after acquiring an additional 705 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Crescent Energy by 4.3% during the 4th quarter. Hsbc Holdings PLC now owns 18,902 shares of the company's stock worth $276,000 after acquiring an additional 785 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Crescent Energy by 2.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company's stock valued at $553,000 after purchasing an additional 897 shares during the period. Dark Forest Capital Management LP lifted its holdings in Crescent Energy by 4.0% during the 4th quarter. Dark Forest Capital Management LP now owns 33,350 shares of the company's stock valued at $487,000 after purchasing an additional 1,282 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Crescent Energy by 48.3% during the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company's stock worth $73,000 after acquiring an additional 1,621 shares during the last quarter. 52.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Citigroup downgraded shares of Crescent Energy to a "reduce" rating in a research note on Wednesday, March 5th. Truist Financial increased their price target on Crescent Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Stephens restated an "overweight" rating and set a $17.00 target price on shares of Crescent Energy in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of Crescent Energy from $18.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Williams Trading set a $16.00 price objective on shares of Crescent Energy in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.45.
Read Our Latest Report on Crescent Energy
About Crescent Energy
(
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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.
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