Intact Investment Management Inc. raised its holdings in Crescent Point Energy Corp. (NYSE:CPG - Free Report) TSE: CPG by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,996,516 shares of the oil and gas producer's stock after buying an additional 260,700 shares during the quarter. Intact Investment Management Inc. owned 0.32% of Crescent Point Energy worth $13,848,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Ninepoint Partners LP grew its holdings in shares of Crescent Point Energy by 18.8% during the 4th quarter. Ninepoint Partners LP now owns 19,000,000 shares of the oil and gas producer's stock worth $131,670,000 after purchasing an additional 3,000,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Crescent Point Energy by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,888,969 shares of the oil and gas producer's stock worth $156,778,000 after purchasing an additional 217,234 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Crescent Point Energy by 2.1% during the 3rd quarter. Invesco Ltd. now owns 5,309,589 shares of the oil and gas producer's stock worth $44,070,000 after purchasing an additional 110,526 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Crescent Point Energy by 12.1% during the 3rd quarter. American Century Companies Inc. now owns 3,585,348 shares of the oil and gas producer's stock worth $29,723,000 after purchasing an additional 387,650 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Crescent Point Energy by 3.6% during the 3rd quarter. Scotia Capital Inc. now owns 3,193,645 shares of the oil and gas producer's stock worth $26,452,000 after purchasing an additional 111,016 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company's stock.
Crescent Point Energy Stock Performance
Shares of NYSE:CPG traded up $0.07 during trading on Friday, hitting $9.07. 2,789,218 shares of the stock were exchanged, compared to its average volume of 5,850,463. Crescent Point Energy Corp. has a 1-year low of $6.03 and a 1-year high of $9.08. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 12.96 and a beta of 2.23. The company's fifty day simple moving average is $8.02 and its 200-day simple moving average is $7.38. 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 (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 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). The company 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%. Sell-side analysts expect that Crescent Point Energy Corp. will post 1.17 EPS 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. Shareholders of record on Friday, March 15th were given a $0.086 dividend. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.34 annualized dividend and a yield of 3.79%. Crescent Point Energy's payout ratio is presently 48.57%.
Crescent Point Energy Profile
(
Free Report)
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.
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