Crescent Energy Company $CRGY Stock: Vise Technologies Inc. Increases Stake

Vise Technologies Inc. lifted its position in shares of Crescent Energy Company (NYSE:CRGY) by 376.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,041 shares of the company’s stock after buying an additional 47,432 shares during the quarter. Vise Technologies Inc.’s holdings in Crescent Energy were worth $774,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Wyoming increased its stake in Crescent Energy by 97.6% in the 3rd quarter. State of Wyoming now owns 24,844 shares of the company’s stock worth $320,000 after buying an additional 12,269 shares in the last quarter. Segment Wealth Management LLC lifted its position in shares of Crescent Energy by 19.0% in the third quarter. Segment Wealth Management LLC now owns 18,157 shares of the company’s stock valued at $234,000 after acquiring an additional 2,902 shares in the last quarter. Signaturefd LLC lifted its position in shares of Crescent Energy by 4.6% in the third quarter. Signaturefd LLC now owns 21,047 shares of the company’s stock valued at $271,000 after acquiring an additional 921 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Crescent Energy in the third quarter worth about $130,000. Finally, Inspire Investing LLC bought a new position in shares of Crescent Energy in the third quarter worth about $2,273,000. Institutional investors own 52.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRGY. Evercore reiterated an “outperform” rating on shares of Crescent Energy in a research report on Wednesday, October 14th. Zacks Research raised Crescent Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Stephens upped their price target on Crescent Energy from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Morgan Stanley lowered shares of Crescent Energy to an “underweight” rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Crescent Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Crescent Energy presently has a consensus rating of “Moderate Buy” and an average price target of $17.21.

Crescent Energy Stock Performance

Crescent Energy stock opened at $10.98 on Tuesday. Crescent Energy Company has a twelve month low of $7.68 and a twelve month high of $15.47. The company has a quick ratio of 0.94, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $13.42 and its 200-day moving average price is $12.06. The company has a market cap of $4.64 billion, a PE ratio of -548.73 and a beta of 1.71.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, November 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.18. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Crescent Energy had a return on equity of 13.43% and a net margin of 1.30%. On average, equities research analysts forecast that Crescent Energy Company will post 2.21 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 16th. Crescent Energy’s payout ratio is -2,400.00%.

Crescent Energy Profile