UBS Group AG Purchases 531,484 Shares of Crescent Energy Company $CRGY

UBS Group AG lifted its position in shares of Crescent Energy Company (NYSE:CRGY) by 36.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,000,590 shares of the company’s stock after acquiring an additional 531,484 shares during the quarter. UBS Group AG’s holdings in Crescent Energy were worth $16,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of Crescent Energy during the 3rd quarter worth $27,000. Nisa Investment Advisors LLC grew its stake in shares of Crescent Energy by 50.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the company’s stock worth $33,000 after acquiring an additional 1,241 shares during the period. Quarry LP grew its stake in shares of Crescent Energy by 303.5% during the 3rd quarter. Quarry LP now owns 4,152 shares of the company’s stock worth $37,000 after acquiring an additional 3,123 shares during the period. Osaic Holdings Inc. grew its stake in shares of Crescent Energy by 25.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,301 shares of the company’s stock worth $46,000 after acquiring an additional 1,066 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Crescent Energy by 135.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 6,018 shares of the company’s stock worth $54,000 after acquiring an additional 3,466 shares during the period. Institutional investors own 52.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRGY shares. Wells Fargo & Company increased their price target on Crescent Energy from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. KeyCorp increased their price target on Crescent Energy from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. upgraded Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price target for the company in a research note on Friday, March 20th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $20.00 price target on shares of Crescent Energy in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.73.

Crescent Energy Stock Performance

Shares of CRGY opened at $12.73 on Wednesday. The stock’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $10.33. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -16.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57. Crescent Energy Company has a 52-week low of $7.68 and a 52-week high of $14.29.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Research analysts forecast that Crescent Energy Company will post 1.84 EPS for the current fiscal year.

Crescent Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. Crescent Energy’s dividend payout ratio is -64.00%.

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.