Crescent Energy (NYSE:CRGY - Get Free Report) insider Brandi Kendall bought 932 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $11.05 per share, for a total transaction of $10,298.60. Following the purchase, the insider now directly owns 23,347 shares in the company, valued at approximately $257,984.35. The trade was a 4.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Crescent Energy Price Performance
Shares of NYSE:CRGY opened at $11.71 on Thursday. The company has a 50 day moving average of $14.12 and a 200 day moving average of $13.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The stock has a market cap of $3.03 billion, a P/E ratio of 18.88 and a beta of 2.18. Crescent Energy has a 12 month low of $9.88 and a 12 month high of $16.94.
Crescent Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.48 annualized dividend and a dividend yield of 4.10%. Crescent Energy's payout ratio is currently -69.57%.
Institutional Investors Weigh In On Crescent Energy
Several large investors have recently added to or reduced their stakes in CRGY. Public Employees Retirement System of Ohio increased its stake in Crescent Energy by 35.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,704 shares of the company's stock worth $40,000 after acquiring an additional 705 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Crescent Energy by 206.7% during 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 in the last quarter. Amalgamated Bank increased its position in shares of Crescent Energy by 86.4% in the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock worth $54,000 after purchasing an additional 2,272 shares during the last quarter. Quarry LP raised its stake in Crescent Energy by 263.4% in the fourth quarter. Quarry LP now owns 4,353 shares of the company's stock valued at $64,000 after purchasing an additional 3,155 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Crescent Energy by 48.3% during the fourth quarter. GAMMA Investing LLC now owns 4,978 shares of the company's stock valued at $73,000 after purchasing an additional 1,621 shares during the last quarter. Institutional investors own 52.11% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CRGY shares. Truist Financial upped their price objective on Crescent Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Williams Trading set a $16.00 price target on shares of Crescent Energy in a research report on Wednesday, March 5th. Mizuho lifted their price objective on shares of Crescent Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Citigroup downgraded shares of Crescent Energy to a "reduce" rating in a research report on Wednesday, March 5th. Finally, Stephens reaffirmed an "overweight" rating and issued a $17.00 price target on shares of Crescent Energy in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Crescent Energy has an average rating of "Moderate Buy" and a consensus price target of $17.45.
Check Out Our Latest Stock Analysis on Crescent Energy
About Crescent Energy
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
