NewGen Asset Management Ltd Takes Position in Crescent Point Energy Corp. (NYSE:CPG)

NewGen Asset Management Ltd purchased a new stake in Crescent Point Energy Corp. (NYSE:CPG - Free Report) TSE: CPG during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,675,000 shares of the oil and gas producer's stock, valued at approximately $11,608,000. Crescent Point Energy makes up about 6.0% of NewGen Asset Management Ltd's portfolio, making the stock its 7th largest holding. NewGen Asset Management Ltd owned approximately 0.27% of Crescent Point Energy at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ninepoint Partners LP raised its stake in Crescent Point Energy by 18.8% in the fourth quarter. Ninepoint Partners LP now owns 19,000,000 shares of the oil and gas producer's stock valued at $131,670,000 after purchasing an additional 3,000,000 shares in the last quarter. Vanguard Group Inc. lifted 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 acquiring an additional 217,234 shares during the last quarter. Invesco Ltd. grew its position in Crescent Point Energy by 2.1% in the third quarter. Invesco Ltd. now owns 5,309,589 shares of the oil and gas producer's stock worth $44,070,000 after acquiring an additional 110,526 shares in the last quarter. American Century Companies Inc. increased its stake in Crescent Point Energy by 12.1% in the third quarter. American Century Companies Inc. now owns 3,585,348 shares of the oil and gas producer's stock valued at $29,723,000 after acquiring an additional 387,650 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in Crescent Point Energy by 3.6% during the third quarter. Scotia Capital Inc. now owns 3,193,645 shares of the oil and gas producer's stock valued at $26,452,000 after purchasing an additional 111,016 shares in the last quarter. Institutional investors own 49.37% of the company's stock.

Crescent Point Energy Price Performance

CPG stock traded down $0.06 during mid-day trading on Friday, hitting $8.65. 3,522,018 shares of the stock were exchanged, compared to its average volume of 5,840,417. The business has a fifty day moving average price of $8.20 and a 200 day moving average price of $7.39. Crescent Point Energy Corp. has a 12 month low of $6.03 and a 12 month high of $9.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 12.36 and a beta of 2.17.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.11). The firm had revenue of $743.70 million during the quarter, compared to analysts' expectations of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. On average, sell-side analysts anticipate that Crescent Point Energy Corp. will post 1.17 EPS for the current year.

Crescent Point Energy Increases Dividend

The firm also recently announced 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 yield of 3.98%. The ex-dividend date was Thursday, March 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.07. Crescent Point Energy's dividend payout ratio (DPR) is presently 48.57%.

Crescent Point Energy 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.