Universal Beteiligungs und Servicegesellschaft mbH Raises Position in Crescent Energy Company $CRGY

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Crescent Energy Company (NYSE:CRGY) by 187.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,649 shares of the company’s stock after purchasing an additional 74,098 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Crescent Energy were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in Crescent Energy by 9.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,512 shares of the company’s stock valued at $251,000 after purchasing an additional 2,436 shares during the last quarter. Amalgamated Bank grew its holdings in Crescent Energy by 3.5% in the 3rd quarter. Amalgamated Bank now owns 53,433 shares of the company’s stock valued at $477,000 after buying an additional 1,811 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Crescent Energy during the 3rd quarter valued at about $127,000. Campbell & CO Investment Adviser LLC increased its stake in shares of Crescent Energy by 13.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 34,248 shares of the company’s stock valued at $305,000 after acquiring an additional 3,961 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Crescent Energy by 4.1% during the 3rd quarter. New York State Teachers Retirement System now owns 65,773 shares of the company’s stock worth $587,000 after acquiring an additional 2,612 shares during the period. Hedge funds and other institutional investors own 52.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CRGY shares. BMO Capital Markets started coverage on shares of Crescent Energy in a report on Friday, January 9th. They issued a “market perform” rating and a $10.00 target price for the company. Zacks Research raised shares of Crescent Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Piper Sandler dropped their price objective on Crescent Energy from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Evercore ISI assumed coverage on Crescent Energy in a report on Tuesday, December 16th. They issued an “outperform” rating and a $13.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Crescent Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Crescent Energy has a consensus rating of “Hold” and an average target price of $13.27.

Crescent Energy Trading Up 1.9%

Shares of CRGY opened at $9.76 on Friday. The stock’s 50-day moving average is $8.79 and its two-hundred day moving average is $8.87. The stock has a market cap of $2.49 billion, a PE ratio of -65.07 and a beta of 1.73. Crescent Energy Company has a 12 month low of $6.83 and a 12 month high of $15.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.81 and a quick ratio of 0.81.

Crescent Energy (NYSE:CRGY) last posted its earnings results on Monday, November 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $866.58 million during the quarter, compared to analyst estimates of $887.54 million. Crescent Energy had a return on equity of 11.77% and a net margin of 0.66%. Equities analysts forecast that Crescent Energy Company will post 0.77 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. Crescent Energy’s dividend payout ratio (DPR) is currently -320.00%.

Crescent Energy Company Profile

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.