Northside Capital Management LLC Sells 302,500 Shares of Crescent Energy Company $CRGY

Northside Capital Management LLC decreased its stake in shares of Crescent Energy Company (NYSE:CRGY) by 80.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,704 shares of the company’s stock after selling 302,500 shares during the period. Northside Capital Management LLC’s holdings in Crescent Energy were worth $602,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRGY. CM Management LLC acquired a new position in shares of Crescent Energy during the 3rd quarter valued at $1,561,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Crescent Energy during the third quarter worth $1,034,000. Public Sector Pension Investment Board grew its holdings in Crescent Energy by 15.7% in the third quarter. Public Sector Pension Investment Board now owns 724,991 shares of the company’s stock worth $6,467,000 after purchasing an additional 98,428 shares during the period. Capital Fund Management S.A. increased its stake in Crescent Energy by 346.3% in the second quarter. Capital Fund Management S.A. now owns 439,593 shares of the company’s stock valued at $3,780,000 after purchasing an additional 341,101 shares in the last quarter. Finally, Kore Advisors LP increased its stake in Crescent Energy by 17.0% in the second quarter. Kore Advisors LP now owns 1,479,256 shares of the company’s stock valued at $12,722,000 after purchasing an additional 214,939 shares in the last quarter. Institutional investors own 52.11% of the company’s stock.

Crescent Energy Stock Performance

Shares of CRGY stock opened at $12.66 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $9.30. Crescent Energy Company has a 12 month low of $6.83 and a 12 month high of $12.94. The firm has a market capitalization of $4.15 billion, a PE ratio of 24.34 and a beta of 1.57.

Crescent Energy (NYSE:CRGY) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. The firm had revenue of $865.05 million for the quarter, compared to analyst estimates of $884.64 million. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. Analysts forecast that Crescent Energy Company will post 0.77 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.48 annualized dividend and a yield of 3.8%. Crescent Energy’s dividend payout ratio (DPR) is presently 92.31%.

Key Stories Impacting Crescent Energy

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: JPMorgan upgraded CRGY from “neutral” to “overweight” and set a $19.00 price target (roughly +50% upside vs recent levels), which is a major catalyst for buying interest. Read More. Read More.
• Positive Sentiment: Unusual options activity: traders bought 4,578 call options (up 128% vs average daily call volume), signaling speculative or hedged bullish bets that can amplify upside momentum in the underlying shares.
• Positive Sentiment: Broker optimism: Wells Fargo publicly forecasted strong price appreciation for CRGY, and brokerages collectively show a consensus “Moderate Buy,” adding institutional credibility to the rally. Read More. Read More.
• Positive Sentiment: Technical/market action: reports note CRGY hit a new 52-week high after the analyst upgrade, which can attract momentum and ETF/quant flows that buy stocks breaking to new highs. Read More.
• Neutral Sentiment: Capital-structure item: a recent ESOP shelf filing has drawn attention — this could be part of employee-compensation planning or a mechanism to issue equity in the future. Impact depends on whether shares are issued (possible dilution) or used minimally; for now it’s informational. Read More.

Analyst Upgrades and Downgrades

CRGY has been the topic of several research reports. Piper Sandler upped their price objective on shares of Crescent Energy from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. upgraded Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Friday. Weiss Ratings raised Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Crescent Energy in a research note on Friday, March 6th. Finally, Zacks Research upgraded Crescent Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.78.

Crescent Energy 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.