Crescent Point Energy Corp. (NYSE:CPG) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Crescent Point Energy Corp. (NYSE:CPG - Free Report) TSE: CPG by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,888,969 shares of the oil and gas producer's stock after buying an additional 217,234 shares during the period. Vanguard Group Inc. owned 3.01% of Crescent Point Energy worth $156,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPG. PNC Financial Services Group Inc. acquired a new position in Crescent Point Energy during the 1st quarter valued at about $50,000. Ronald Blue Trust Inc. lifted its position in Crescent Point Energy by 33.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer's stock valued at $57,000 after purchasing an additional 1,727 shares during the period. Lazard Asset Management LLC acquired a new position in Crescent Point Energy during the 1st quarter valued at about $62,000. Creative Planning acquired a new position in Crescent Point Energy during the 2nd quarter valued at about $81,000. Finally, XTX Topco Ltd acquired a new position in Crescent Point Energy during the 2nd quarter valued at about $87,000. Institutional investors and hedge funds own 49.37% of the company's stock.

Crescent Point Energy Trading Up 3.9 %

Crescent Point Energy stock traded up $0.32 during trading hours on Tuesday, reaching $8.49. 10,121,829 shares of the company's stock traded hands, compared to its average volume of 5,744,871. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 12.13 and a beta of 2.23. The firm's 50 day moving average is $7.19 and its 200-day moving average is $7.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76. Crescent Point Energy Corp. has a fifty-two week low of $6.03 and a fifty-two week high of $8.59.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.11). The firm had revenue of $743.70 million during the quarter, compared to analyst estimates of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. On average, analysts predict that Crescent Point Energy Corp. will post 1.21 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.05%. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 14th. Crescent Point Energy's dividend payout ratio (DPR) is currently 48.57%.

Crescent Point Energy Profile

Crescent Point Energy Corp., together with its subsidiaries, explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.