Victory Capital Management Inc. Has $9.55 Million Position in Crescent Energy Company (NYSE:CRGY)

Victory Capital Management Inc. increased its stake in shares of Crescent Energy Company (NYSE:CRGY - Free Report) by 12.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 849,692 shares of the company's stock after acquiring an additional 93,690 shares during the period. Victory Capital Management Inc. owned about 0.33% of Crescent Energy worth $9,551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CRGY. Allworth Financial LP bought a new stake in Crescent Energy during the first quarter worth about $34,000. Public Employees Retirement System of Ohio raised its holdings in Crescent Energy by 35.3% during the fourth 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 in the last quarter. Quarry LP raised its holdings in Crescent Energy by 263.4% during the fourth quarter. Quarry LP now owns 4,353 shares of the company's stock worth $64,000 after acquiring an additional 3,155 shares in the last quarter. KBC Group NV bought a new stake in Crescent Energy during the first quarter worth about $117,000. Finally, Paloma Partners Management Co bought a new stake in Crescent Energy during the fourth quarter worth about $146,000. Institutional investors own 52.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRGY shares. KeyCorp dropped their target price on Crescent Energy from $18.00 to $14.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their price target on Crescent Energy from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Piper Sandler lifted their target price on Crescent Energy from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Mizuho reduced their target price on Crescent Energy from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.10.

Crescent Energy Stock Performance

Shares of Crescent Energy stock traded up $0.26 on Monday, hitting $9.46. The stock had a trading volume of 341,457 shares, compared to its average volume of 3,445,199. Crescent Energy Company has a twelve month low of $6.83 and a twelve month high of $16.94. The business's 50 day moving average is $8.96 and its two-hundred day moving average is $10.74. 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 stock has a market cap of $2.41 billion, a price-to-earnings ratio of -20.99 and a beta of 1.74.

Crescent Energy (NYSE:CRGY - Get Free Report) last posted its 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 company had revenue of $950.17 million for the quarter, compared to the consensus estimate of $937.55 million. Analysts forecast that Crescent Energy Company will post 0.77 EPS for the current year.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, May 19th. Crescent Energy's payout ratio is -106.67%.

Crescent Energy Company Profile

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.