Walleye Capital LLC Acquires Shares of 49,900 Crescent Energy (NYSE:CRGY)

Walleye Capital LLC acquired a new position in Crescent Energy (NYSE:CRGY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 49,900 shares of the company's stock, valued at approximately $729,000.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in Crescent Energy by 2.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company's stock valued at $553,000 after acquiring an additional 897 shares during the last quarter. GAMMA Investing LLC lifted its stake in Crescent Energy by 48.3% in the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company's stock valued at $73,000 after purchasing an additional 1,621 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Crescent Energy by 10.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 24,234 shares of the company's stock worth $354,000 after buying an additional 2,306 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Crescent Energy by 206.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company's stock worth $52,000 after buying an additional 2,377 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Crescent Energy by 17.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 17,003 shares of the company's stock valued at $248,000 after acquiring an additional 2,469 shares during the last quarter. Institutional investors and hedge funds own 52.11% of the company's stock.

Insider Activity at Crescent Energy

In other Crescent Energy news, Director Michael Duginski acquired 20,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $10.57 per share, for a total transaction of $211,400.00. Following the completion of the acquisition, the director now owns 259,607 shares in the company, valued at $2,744,045.99. This trade represents a 8.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of Crescent Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.91, for a total transaction of $29,221,844.93. The disclosure for this sale can be found here. Insiders acquired a total of 24,932 shares of company stock worth $263,219 over the last quarter. 13.20% of the stock is owned by corporate insiders.

Crescent Energy Trading Up 2.7 %

Shares of NYSE:CRGY traded up $0.23 on Friday, reaching $8.73. 1,665,961 shares of the company traded hands, compared to its average volume of 3,254,348. Crescent Energy has a 52 week low of $6.83 and a 52 week high of $16.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The business's 50-day simple moving average is $10.43 and its 200 day simple moving average is $13.01. The stock has a market capitalization of $2.26 billion, a P/E ratio of 14.08 and a beta of 1.88.

Crescent Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 annualized dividend and a dividend yield of 5.50%. Crescent Energy's dividend payout ratio (DPR) is presently -69.57%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Williams Trading set a $16.00 price target on shares of Crescent Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on Crescent Energy from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reduced their price target on Crescent Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Stephens restated an "overweight" rating and set a $17.00 price objective on shares of Crescent Energy in a research report on Monday, March 3rd. Finally, Siebert Williams Shank initiated coverage on Crescent Energy in a report on Monday, February 3rd. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crescent Energy has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Crescent Energy Profile

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.