Timelo Investment Management Inc. Purchases New Position in Crescent Point Energy Corp. (NYSE:CPG)

Timelo Investment Management Inc. acquired a new position in shares of Crescent Point Energy Corp. (NYSE:CPG - Free Report) TSE: CPG in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 170,000 shares of the oil and gas producer's stock, valued at approximately $1,178,000. Crescent Point Energy accounts for about 1.0% of Timelo Investment Management Inc.'s holdings, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in Crescent Point Energy by 224.1% in the fourth quarter. Parallel Advisors LLC now owns 6,378 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 4,410 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Crescent Point Energy in the first quarter worth approximately $50,000. Ronald Blue Trust Inc. lifted its position in Crescent Point Energy by 33.6% in the third quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer's stock worth $57,000 after purchasing an additional 1,727 shares during the period. Lazard Asset Management LLC acquired a new stake in Crescent Point Energy in the first quarter worth approximately $62,000. Finally, Blue Trust Inc. lifted its position in Crescent Point Energy by 48.8% in the fourth quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer's stock worth $71,000 after purchasing an additional 3,347 shares during the period. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Crescent Point Energy Stock Down 0.1 %

Shares of NYSE CPG traded down $0.01 during mid-day trading on Friday, reaching $8.80. The company had a trading volume of 4,072,212 shares, compared to its average volume of 5,836,550. Crescent Point Energy Corp. has a twelve month low of $6.03 and a twelve month high of $8.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $5.46 billion, a PE ratio of 12.57 and a beta of 2.23. The stock's 50 day moving average is $7.33 and its 200-day moving average is $7.29.

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

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.086 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.07. This represents a $0.34 dividend on an annualized basis and a yield of 3.91%. Crescent Point Energy's dividend payout ratio is currently 48.57%.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. 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.