Crescent Point Energy Corp. (NYSE:CPG) is Ninepoint Partners LP's 3rd Largest Position

Ninepoint Partners LP increased its holdings in Crescent Point Energy Corp. (NYSE:CPG - Free Report) TSE: CPG by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,000,000 shares of the oil and gas producer's stock after buying an additional 3,000,000 shares during the period. Crescent Point Energy accounts for 14.1% of Ninepoint Partners LP's investment portfolio, making the stock its 3rd biggest position. Ninepoint Partners LP owned approximately 3.06% of Crescent Point Energy worth $131,670,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Crescent Point Energy by 21.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,141 shares of the oil and gas producer's stock valued at $844,000 after buying an additional 21,046 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Crescent Point Energy during the 4th quarter worth approximately $472,000. Blue Trust Inc. lifted its stake in Crescent Point Energy by 48.8% in the 4th 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 in the last quarter. Penbrook Management LLC boosted its holdings in Crescent Point Energy by 0.4% in the 4th quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer's stock valued at $3,493,000 after purchasing an additional 1,900 shares during the period. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of Crescent Point Energy during the 4th quarter valued at $3,092,000. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Crescent Point Energy Price Performance

Shares of Crescent Point Energy stock traded up $0.24 during trading on Friday, hitting $8.69. The stock had a trading volume of 5,713,028 shares, compared to its average volume of 5,868,108. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 12.41 and a beta of 2.23. Crescent Point Energy Corp. has a 12 month low of $6.03 and a 12 month high of $9.07. The business's 50-day moving average is $7.74 and its 200 day moving average is $7.33. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last announced its 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 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, sell-side analysts anticipate that Crescent Point Energy Corp. will post 1.17 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.086 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a yield of 3.96%. Crescent Point Energy's payout ratio is presently 47.14%.

About Crescent Point Energy

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.