Walleye Capital LLC Raises Stake in Crescent Energy Company $CRGY

Walleye Capital LLC increased its holdings in Crescent Energy Company (NYSE:CRGY) by 2,153.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 180,664 shares of the company’s stock after buying an additional 172,646 shares during the period. Walleye Capital LLC’s holdings in Crescent Energy were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Crescent Energy by 16.1% in the 1st quarter. Royal Bank of Canada now owns 58,900 shares of the company’s stock valued at $662,000 after acquiring an additional 8,173 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Crescent Energy by 8.9% in the first quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock worth $192,000 after acquiring an additional 1,397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Crescent Energy by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company’s stock worth $1,109,000 after purchasing an additional 6,184 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Crescent Energy by 42.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock worth $44,616,000 after purchasing an additional 1,174,576 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Crescent Energy by 32.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company’s stock valued at $2,748,000 after purchasing an additional 59,199 shares during the period. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Price Performance

NYSE:CRGY opened at $11.39 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50 day moving average price of $11.09 and a 200-day moving average price of $11.18. Crescent Energy Company has a 1-year low of $7.68 and a 1-year high of $14.29. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -15.19 and a beta of 1.40.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings results 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities research analysts forecast that Crescent Energy Company will post 1.77 EPS for the current year.

Crescent Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $0.12 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. Crescent Energy’s dividend payout ratio is -64.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CRGY shares. KeyCorp reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Crescent Energy in a report on Thursday, June 11th. Weiss Ratings lowered Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. UBS Group assumed coverage on Crescent Energy in a report on Tuesday, July 14th. They issued a “buy” rating and a $13.00 price objective for the company. Wall Street Zen downgraded Crescent Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Raymond James Financial lowered their target price on Crescent Energy from $20.00 to $18.00 and set a “strong-buy” rating on the stock in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.58.

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.