Ninepoint Partners LP Grows Position in Crescent Point Energy Corp. (NYSE:CPG)

Ninepoint Partners LP lifted its stake in Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 18.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,000,000 shares of the oil and gas producer’s stock after acquiring an additional 3,000,000 shares during the period. Crescent Point Energy comprises about 14.1% of Ninepoint Partners LP’s holdings, making the stock its 3rd biggest position. Ninepoint Partners LP’s holdings in Crescent Point Energy were worth $131,670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Baird Financial Group Inc. raised its position in Crescent Point Energy by 0.8% during the 2nd quarter. Baird Financial Group Inc. now owns 173,063 shares of the oil and gas producer’s stock worth $1,165,000 after buying an additional 1,365 shares during the last quarter. Ronald Blue Trust Inc. grew its stake 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. Ameriprise Financial Inc. grew its stake in Crescent Point Energy by 14.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,662 shares of the oil and gas producer’s stock valued at $122,000 after acquiring an additional 1,878 shares during the period. Penbrook Management LLC boosted its stake in Crescent Point Energy by 0.4% during the 4th quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer’s stock worth $3,493,000 after purchasing an additional 1,900 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Crescent Point Energy by 15.9% during the 1st quarter. First Trust Advisors LP now owns 15,100 shares of the oil and gas producer’s stock worth $109,000 after purchasing an additional 2,073 shares during the last quarter. 49.37% of the stock is owned by hedge funds and other institutional investors.

Crescent Point Energy Trading Up 2.7 %

Shares of NYSE CPG traded up $0.23 during trading on Friday, hitting $8.68. 2,638,182 shares of the company were exchanged, compared to its average volume of 5,827,223. Crescent Point Energy Corp. has a 12-month low of $6.03 and a 12-month high of $9.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76. The company has a fifty day moving average price of $7.74 and a 200-day moving average price of $7.33. The firm has a market capitalization of $5.38 billion, a PE ratio of 12.09 and a beta of 2.23.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings data 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 company had revenue of $743.70 million during the quarter, compared to analysts’ expectations of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. As a group, equities research analysts expect that Crescent Point Energy Corp. will post 1.17 EPS for the current year.

Crescent Point Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.086 dividend. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a yield of 3.96%. The ex-dividend date was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is currently 48.57%.

Crescent Point Energy Company 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.