Westpac Banking Corp decreased its holdings in Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 26.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,065 shares of the oil and gas producer’s stock after selling 11,400 shares during the period. Westpac Banking Corp’s holdings in Crescent Point Energy Corporation were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CPG. Sentry Investments Corp. raised its stake in Crescent Point Energy Corporation by 26.8% in the first quarter. Sentry Investments Corp. now owns 9,249,737 shares of the oil and gas producer’s stock worth $132,919,000 after buying an additional 1,952,850 shares in the last quarter. Mackenzie Financial Corp raised its stake in Crescent Point Energy Corporation by 9.8% in the first quarter. Mackenzie Financial Corp now owns 12,311,553 shares of the oil and gas producer’s stock worth $133,211,000 after buying an additional 1,101,347 shares in the last quarter. Lincluden Management Ltd. raised its stake in Crescent Point Energy Corporation by 32.7% in the second quarter. Lincluden Management Ltd. now owns 4,146,652 shares of the oil and gas producer’s stock worth $32,668,000 after buying an additional 1,021,491 shares in the last quarter. Schroder Investment Management Group raised its stake in Crescent Point Energy Corporation by 139.8% in the first quarter. Schroder Investment Management Group now owns 1,591,300 shares of the oil and gas producer’s stock worth $23,090,000 after buying an additional 927,800 shares in the last quarter. Finally, Morgan Stanley raised its stake in Crescent Point Energy Corporation by 184.0% in the first quarter. Morgan Stanley now owns 1,357,720 shares of the oil and gas producer’s stock worth $14,691,000 after buying an additional 879,625 shares in the last quarter. 38.99% of the stock is owned by institutional investors.

CPG has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub downgraded Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. Finally, ValuEngine downgraded Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Crescent Point Energy Corporation presently has an average rating of “Hold” and a consensus price target of $20.94.

Crescent Point Energy Corporation (NYSE:CPG) opened at 7.37 on Friday. The stock’s 50 day moving average price is $7.06 and its 200-day moving average price is $8.80. The firm’s market capitalization is $4.02 billion. Crescent Point Energy Corporation has a 12 month low of $6.46 and a 12 month high of $14.74.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. The business had revenue of $605.03 million for the quarter, compared to analyst estimates of $602.04 million. During the same period last year, the business earned $0.03 EPS. Equities analysts forecast that Crescent Point Energy Corporation will post $0.21 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.024 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, August 29th. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is presently -48.28%.

ILLEGAL ACTIVITY NOTICE: “Westpac Banking Corp Sells 11,400 Shares of Crescent Point Energy Corporation (CPG)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/09/17/westpac-banking-corp-sells-11400-shares-of-crescent-point-energy-corporation-cpg.html.

Crescent Point Energy Corporation Profile

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah.

Want to see what other hedge funds are holding CPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG).

Institutional Ownership by Quarter for Crescent Point Energy Corporation (NYSE:CPG)

Receive News & Ratings for Crescent Point Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.