LMR Partners LLP Buys Shares of 108,936 Crescent Energy (NYSE:CRGY)

LMR Partners LLP bought a new position in Crescent Energy (NYSE:CRGY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,936 shares of the company's stock, valued at approximately $1,592,000.

A number of other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in shares of Crescent Energy by 206.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company's stock valued at $52,000 after acquiring an additional 2,377 shares in the last quarter. Quarry LP grew its holdings in Crescent Energy by 263.4% during the 4th quarter. Quarry LP now owns 4,353 shares of the company's stock valued at $64,000 after buying an additional 3,155 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Crescent Energy during the fourth quarter valued at approximately $131,000. Paloma Partners Management Co purchased a new position in shares of Crescent Energy in the fourth quarter worth $146,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Crescent Energy by 619.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,385 shares of the company's stock worth $152,000 after acquiring an additional 8,942 shares during the last quarter. 52.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Duginski bought 20,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $10.57 per share, for a total transaction of $211,400.00. Following the purchase, the director now directly owns 259,607 shares of the company's stock, valued at approximately $2,744,045.99. The trade was a 8.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of Crescent Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.91, for a total transaction of $29,221,844.93. The disclosure for this sale can be found here. Insiders have purchased 24,932 shares of company stock valued at $263,219 in the last 90 days. Company insiders own 13.20% of the company's stock.

Crescent Energy Trading Down 1.4%

Crescent Energy stock traded down $0.13 during midday trading on Monday, reaching $8.89. The stock had a trading volume of 621,707 shares, compared to its average volume of 3,349,606. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 14.30 and a beta of 1.86. Crescent Energy has a 52-week low of $6.83 and a 52-week high of $16.94. The company has a fifty day moving average of $9.28 and a 200 day moving average of $12.60.

Crescent Energy (NYSE:CRGY - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.09. The firm had revenue of $950.17 million during the quarter, compared to analyst estimates of $937.55 million. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. On average, analysts anticipate that Crescent Energy will post 0.77 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.40%. The ex-dividend date is Monday, May 19th. Crescent Energy's dividend payout ratio is presently -106.67%.

Analyst Ratings Changes

Several research analysts have commented on CRGY shares. Mizuho dropped their price objective on shares of Crescent Energy from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Stephens reissued an "overweight" rating and set a $17.00 price target on shares of Crescent Energy in a research note on Monday, March 3rd. Williams Trading set a $16.00 price objective on Crescent Energy in a report on Wednesday, March 5th. KeyCorp cut their target price on shares of Crescent Energy from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Siebert Williams Shank began coverage on shares of Crescent Energy in a research report on Monday, February 3rd. They set a "buy" rating for the company. 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.30.

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.