Mackenzie Financial Corp Has $22.99 Million Stock Holdings in Crescent Point Energy Corp. (NYSE:CPG)

Mackenzie Financial Corp trimmed its stake in shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,312,671 shares of the oil and gas producer’s stock after selling 82,536 shares during the quarter. Mackenzie Financial Corp owned approximately 0.53% of Crescent Point Energy worth $22,987,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its position in Crescent Point Energy by 33.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer’s stock valued at $57,000 after acquiring an additional 1,727 shares during the period. PNC Financial Services Group Inc. acquired a new position in Crescent Point Energy in the 1st quarter valued at approximately $50,000. Lazard Asset Management LLC acquired a new position in Crescent Point Energy in the 1st quarter valued at approximately $62,000. Blue Trust Inc. increased its position 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 valued at $71,000 after acquiring an additional 3,347 shares during the period. Finally, AXQ Capital LP acquired a new position in Crescent Point Energy in the 3rd quarter valued at approximately $89,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Crescent Point Energy Trading Down 0.4 %

Shares of NYSE CPG opened at $8.51 on Thursday. 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 Corp. has a 52-week low of $6.03 and a 52-week high of $9.07. The firm has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $7.32. The stock has a market cap of $5.27 billion, a P/E ratio of 12.16 and a beta of 2.23.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly 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). Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. The business had revenue of $743.70 million during the quarter, compared to analyst estimates of $752.25 million. As a group, equities analysts forecast that Crescent Point Energy Corp. will post 1.22 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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 boost from Crescent Point Energy’s previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a dividend yield of 4.04%. Crescent Point Energy’s dividend payout ratio is 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.