Jarislowsky Fraser Ltd lessened its stake in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 0.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,736,848 shares of the oil and gas producer’s stock after selling 33,308 shares during the quarter. Jarislowsky Fraser Ltd owned about 2.33% of Crescent Point Energy Corporation worth $102,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPG. Franklin Resources Inc. lifted its stake in shares of Crescent Point Energy Corporation by 80.4% during the 2nd quarter. Franklin Resources Inc. now owns 19,360,075 shares of the oil and gas producer’s stock worth $148,170,000 after buying an additional 8,628,868 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Crescent Point Energy Corporation by 1,017.4% during the 2nd quarter. Fiera Capital Corp now owns 1,880,707 shares of the oil and gas producer’s stock worth $14,361,000 after buying an additional 1,712,394 shares during the last quarter. Lincluden Management Ltd. lifted its stake in shares of Crescent Point Energy Corporation by 32.7% during the 2nd 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 during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Crescent Point Energy Corporation by 46.9% during the 3rd quarter. Intact Investment Management Inc. now owns 3,010,220 shares of the oil and gas producer’s stock worth $30,162,000 after buying an additional 960,900 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Crescent Point Energy Corporation by 184.0% during the 1st 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 during the last quarter. Institutional investors own 38.84% of the company’s stock.

CPG has been the subject of a number of research reports. Scotiabank restated a “buy” rating and set a $17.00 target price on shares of Crescent Point Energy Corporation in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research note on Tuesday, October 10th. ValuEngine cut shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub cut shares of Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 6th. Finally, Desjardins cut shares of Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.33.

Shares of Crescent Point Energy Corporation (NYSE:CPG) traded down $0.17 during trading on Monday, reaching $8.58. 1,813,900 shares of the company’s stock traded hands, compared to its average volume of 1,171,129. Crescent Point Energy Corporation has a twelve month low of $6.46 and a twelve month high of $14.74. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4,682.92, a PE ratio of 26.81 and a beta of 1.58.

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.024 dividend. This is a boost from Crescent Point Energy Corporation’s previous dividend of $0.02. The ex-dividend date is Monday, October 30th. Crescent Point Energy Corporation’s payout ratio is -35.37%.

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About Crescent Point Energy Corporation

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.

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

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