Segall Bryant & Hamill LLC Has $34.48 Million Position in Crescent Energy Company (NYSE:CRGY)

Segall Bryant & Hamill LLC trimmed its stake in Crescent Energy Company (NYSE:CRGY - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,067,158 shares of the company's stock after selling 143,749 shares during the period. Segall Bryant & Hamill LLC owned about 1.19% of Crescent Energy worth $34,475,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CRGY. Public Employees Retirement System of Ohio boosted 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 worth $40,000 after purchasing an additional 705 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Crescent Energy by 4.3% in the fourth quarter. Hsbc Holdings PLC now owns 18,902 shares of the company's stock worth $276,000 after purchasing an additional 785 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in Crescent Energy by 4.0% in the fourth 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 in the last quarter. Yousif Capital Management LLC boosted its stake in Crescent Energy by 2.1% in the first quarter. Yousif Capital Management LLC now owns 66,806 shares of the company's stock worth $751,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Crescent Energy by 3.0% in the first quarter. Amalgamated Bank now owns 51,467 shares of the company's stock worth $578,000 after purchasing an additional 1,506 shares in the last quarter. 52.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRGY has been the topic of several research reports. Mizuho cut their price target on Crescent Energy from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. KeyCorp cut their target price on Crescent Energy from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Raymond James Financial reissued a "strong-buy" rating and issued a $18.00 target price (down previously from $23.00) on shares of Crescent Energy in a research note on Friday, March 28th. Wells Fargo & Company cut their target price on Crescent Energy from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, Piper Sandler increased their target price on Crescent Energy from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.10.

Crescent Energy Stock Up 3.4%

Shares of NYSE:CRGY traded up $0.29 during mid-day trading on Friday, reaching $8.72. 4,402,572 shares of the stock were exchanged, compared to its average volume of 3,467,669. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.10. The company has a market cap of $2.23 billion, a P/E ratio of -19.38 and a beta of 1.74. Crescent Energy Company has a one year low of $6.83 and a one year high of $16.94. The stock's 50 day simple moving average is $8.99 and its 200-day simple moving average is $11.02.

Crescent Energy (NYSE:CRGY - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.47 by $0.09. Crescent Energy had a positive return on equity of 14.21% and a negative net margin of 2.88%. The firm had revenue of $950.17 million during the quarter, compared to analysts' expectations of $937.55 million. As a group, equities research analysts predict that Crescent Energy Company will post 0.77 EPS for the current year.

Crescent Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.12 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.50%. Crescent Energy's payout ratio is -106.67%.

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.