Crescent Energy Company $CRGY Stock Holdings Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Crescent Energy Company (NYSE:CRGY) by 7.6% in the third quarter, Holdings Channel.com reports. The fund owned 2,828,370 shares of the company’s stock after selling 231,201 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Crescent Energy were worth $25,229,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Osaic Holdings Inc. raised its position in shares of Crescent Energy by 25.2% during the second quarter. Osaic Holdings Inc. now owns 5,301 shares of the company’s stock worth $46,000 after purchasing an additional 1,066 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Crescent Energy by 50.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the company’s stock valued at $33,000 after purchasing an additional 1,241 shares during the period. Ameritas Investment Partners Inc. increased its stake in Crescent Energy by 7.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,272 shares of the company’s stock worth $157,000 after purchasing an additional 1,269 shares in the last quarter. AQR Capital Management LLC raised its holdings in Crescent Energy by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock worth $192,000 after buying an additional 1,397 shares during the period. Finally, Royce & Associates LP lifted its stake in Crescent Energy by 1.1% during the third quarter. Royce & Associates LP now owns 161,120 shares of the company’s stock valued at $1,437,000 after buying an additional 1,778 shares in the last quarter. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Trading Up 3.0%

NYSE CRGY opened at $12.01 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.07. Crescent Energy Company has a 1-year low of $6.83 and a 1-year high of $12.71. The firm’s fifty day simple moving average is $9.28 and its 200-day simple moving average is $9.05. The company has a market capitalization of $3.06 billion, a PE ratio of 23.10 and a beta of 1.73.

Crescent Energy (NYSE:CRGY) last issued its earnings results on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. Crescent Energy had a return on equity of 8.36% and a net margin of 3.71%.The firm had revenue of $865.05 million for the quarter, compared to the consensus estimate of $884.64 million. As a group, sell-side analysts anticipate 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 will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. Crescent Energy’s dividend payout ratio is currently 92.31%.

Wall Street Analyst Weigh In

Several brokerages have commented on CRGY. Wall Street Zen cut shares of Crescent Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Crescent Energy in a research note on Sunday, January 25th. Mizuho boosted their target price on shares of Crescent Energy from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BMO Capital Markets assumed coverage on Crescent Energy in a report on Friday, January 9th. They issued a “market perform” rating and a $10.00 target price for the company. Finally, Weiss Ratings raised Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.90.

About Crescent Energy

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.