Crescent Point Energy Corp. (NYSE:CPG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 7.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,677,905 shares of the oil and gas producer’s stock after selling 136,655 shares during the quarter. Russell Investments Group Ltd.’s holdings in Crescent Point Energy were worth $7,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CPG. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Crescent Point Energy by 82.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,249,403 shares of the oil and gas producer’s stock valued at $5,653,000 after purchasing an additional 564,398 shares during the period. Van ECK Associates Corp lifted its position in Crescent Point Energy by 4.6% in the second quarter. Van ECK Associates Corp now owns 67,853 shares of the oil and gas producer’s stock valued at $307,000 after purchasing an additional 2,983 shares during the period. Toronto Dominion Bank lifted its position in Crescent Point Energy by 4.2% in the second quarter. Toronto Dominion Bank now owns 3,542,111 shares of the oil and gas producer’s stock valued at $16,162,000 after purchasing an additional 141,903 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Crescent Point Energy in the second quarter valued at about $125,000. Finally, Bridgefront Capital LLC acquired a new stake in Crescent Point Energy in the second quarter valued at about $72,000. Hedge funds and other institutional investors own 33.33% of the company’s stock.

Shares of CPG opened at $6.63 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $4.42. Crescent Point Energy Corp. has a 1-year low of $2.66 and a 1-year high of $6.78. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 2.20 and a beta of 2.73.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings data on Thursday, October 28th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Crescent Point Energy had a net margin of 78.23% and a return on equity of 10.89%. The business had revenue of $673.67 million during the quarter, compared to analysts’ expectations of $683.40 million. During the same period last year, the company posted $0.10 EPS. On average, equities analysts expect that Crescent Point Energy Corp. will post 3.4 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Crescent Point Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 4th. National Bank Financial lifted their price target on shares of Crescent Point Energy from C$11.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday, September 29th. CIBC lifted their price target on shares of Crescent Point Energy from C$9.00 to C$9.75 and gave the company an “outperform” rating in a research report on Friday, October 15th. Desjardins lifted their price target on shares of Crescent Point Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Wednesday, December 8th. Finally, Stifel Nicolaus lifted their price target on shares of Crescent Point Energy from C$11.00 to C$11.50 and gave the company a “buy” rating in a research report on Tuesday, December 7th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $8.25.

Crescent Point Energy Profile

Crescent Point Energy Corp. engages in the exploration, development and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

Featured Story: What is the Shanghai Stock Exchange Composite Index?

Want to see what other hedge funds are holding CPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG).

Institutional Ownership by Quarter for Crescent Point Energy (NYSE:CPG)

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.