Crescent Energy Company (NYSE:CRGY) Declares Quarterly Dividend of $0.12

Key Points

• $0.12 quarterly dividend declared (annualized $0.48) with a 3.5% yield; record/ex-dividend date is May 18 and the dividend is payable June 1.
• The dividend appears sustainable with a current payout ratio of 31.4% and an expected future payout ratio of ~28.6%, and Crescent beat Q1 estimates with $0.53 EPS and revenue up 24.5% year‑over‑year.
• Institutions own about 52.11% of the stock, with notable increases from firms like Goldman Sachs (up 42% to ~3.97M shares), and the company trades with a market cap near $4.49B and a PE of ~26.4.

Crescent Energy Company (NYSE:CRGY - Get Free Report) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 18th will be given a dividend of 0.12 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, May 18th.

Crescent Energy has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Crescent Energy to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 28.6%.

Crescent Energy Trading Up 1.8%

NYSE:CRGY opened at $13.71 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a 50-day moving average of $12.37 and a 200-day moving average of $10.14. The company has a market cap of $4.49 billion, a PE ratio of 26.36 and a beta of 1.44. Crescent Energy has a one year low of $7.68 and a one year high of $14.02.

Crescent Energy (NYSE:CRGY - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that Crescent Energy will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRGY. Royal Bank of Canada boosted its holdings in Crescent Energy by 16.1% during the first quarter. Royal Bank of Canada now owns 58,900 shares of the company's stock worth $662,000 after purchasing an additional 8,173 shares during the last quarter. AQR Capital Management LLC boosted its stake in Crescent Energy by 8.9% in the first quarter. AQR Capital Management LLC now owns 17,104 shares of the company's stock valued at $192,000 after acquiring an additional 1,397 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Crescent Energy by 6.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company's stock valued at $1,109,000 after acquiring an additional 6,184 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Crescent Energy by 42.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company's stock valued at $44,616,000 after acquiring an additional 1,174,576 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Crescent Energy by 32.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company's stock valued at $2,748,000 after acquiring an additional 59,199 shares during the last quarter. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

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