Susquehanna Fundamental Investments LLC Buys New Holdings in Crescent Energy (NYSE:CRGY)

Susquehanna Fundamental Investments LLC purchased a new stake in Crescent Energy (NYSE:CRGY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 243,565 shares of the company's stock, valued at approximately $3,558,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Crescent Energy as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CRGY. Voya Investment Management LLC raised its stake in shares of Crescent Energy by 67.8% during the 4th quarter. Voya Investment Management LLC now owns 115,600 shares of the company's stock worth $1,689,000 after buying an additional 46,695 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Crescent Energy by 6,700.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,700,000 shares of the company's stock worth $24,837,000 after acquiring an additional 1,675,000 shares during the period. Syon Capital LLC purchased a new position in Crescent Energy during the fourth quarter valued at $172,000. Price T Rowe Associates Inc. MD grew its position in shares of Crescent Energy by 37.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 87,040 shares of the company's stock valued at $1,272,000 after purchasing an additional 23,643 shares during the period. Finally, Dark Forest Capital Management LP raised its position in shares of Crescent Energy by 4.0% during the 4th quarter. Dark Forest Capital Management LP now owns 33,350 shares of the company's stock worth $487,000 after purchasing an additional 1,282 shares during the last quarter. Institutional investors and hedge funds own 52.11% of the company's stock.

Insider Buying and Selling at Crescent Energy

In other news, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Duginski acquired 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $10.57 per share, with a total value of $211,400.00. Following the acquisition, the director now directly owns 259,607 shares of the company's stock, valued at approximately $2,744,045.99. This represents a 8.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 24,932 shares of company stock valued at $263,219 over the last quarter. 13.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lowered Crescent Energy to a "reduce" rating in a research note on Wednesday, March 5th. Stephens reaffirmed an "overweight" rating and set a $17.00 target price on shares of Crescent Energy in a report on Monday, March 3rd. KeyCorp decreased their price target on shares of Crescent Energy from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company dropped their price objective on shares of Crescent Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Raymond James restated a "strong-buy" rating and issued a $18.00 price target (down from $23.00) on shares of Crescent Energy in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.80.

Crescent Energy Trading Up 1.3 %

NYSE CRGY traded up $0.11 during trading hours on Friday, reaching $8.60. The company had a trading volume of 4,495,685 shares, compared to its average volume of 3,288,437. The stock has a 50-day moving average of $9.93 and a 200 day moving average of $12.88. The stock has a market capitalization of $2.22 billion, a P/E ratio of 13.87 and a beta of 1.88. Crescent Energy has a 1-year low of $6.83 and a 1-year high of $16.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12.

Crescent Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.48 annualized dividend and a yield of 5.58%. Crescent Energy's dividend payout ratio (DPR) is presently -69.57%.

About Crescent Energy

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.