Crossmark Global Holdings Inc. acquired a new stake in Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 57,294 shares of the oil and gas producer’s stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also modified their holdings of CPG. Franklin Resources Inc. grew its position in shares of Crescent Point Energy Corporation by 80.4% in the 2nd quarter. Franklin Resources Inc. now owns 19,360,075 shares of the oil and gas producer’s stock valued at $148,170,000 after purchasing an additional 8,628,868 shares during the period. Fiera Capital Corp grew its position in shares of Crescent Point Energy Corporation by 1,017.4% in the 2nd quarter. Fiera Capital Corp now owns 1,880,707 shares of the oil and gas producer’s stock valued at $14,361,000 after purchasing an additional 1,712,394 shares during the period. Lincluden Management Ltd. grew its position in shares of Crescent Point Energy Corporation by 32.7% in the 2nd quarter. Lincluden Management Ltd. now owns 4,146,652 shares of the oil and gas producer’s stock valued at $32,668,000 after purchasing an additional 1,021,491 shares during the period. Vanguard Group Inc. grew its position in shares of Crescent Point Energy Corporation by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,931,504 shares of the oil and gas producer’s stock valued at $98,925,000 after purchasing an additional 592,496 shares during the period. Finally, CIBC World Markets Inc. grew its position in shares of Crescent Point Energy Corporation by 2.9% in the 2nd quarter. CIBC World Markets Inc. now owns 8,005,875 shares of the oil and gas producer’s stock valued at $61,245,000 after purchasing an additional 223,642 shares during the period. Institutional investors and hedge funds own 40.23% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/11/21/crossmark-global-holdings-inc-takes-position-in-crescent-point-energy-corporation-cpg.html.

Shares of Crescent Point Energy Corporation (CPG) opened at $7.22 on Tuesday. The company has a market capitalization of $4,100.00, a P/E ratio of 23.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72. Crescent Point Energy Corporation has a 12 month low of $6.46 and a 12 month high of $14.74.

The company also recently announced a dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.024 dividend. This is a boost from Crescent Point Energy Corporation’s previous dividend of $0.02. The ex-dividend date of this dividend was Monday, October 30th. Crescent Point Energy Corporation’s payout ratio is presently -31.82%.

Several equities research analysts have commented on the company. ValuEngine upgraded Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research cut Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Desjardins cut Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Scotiabank restated a “buy” rating and issued a $17.00 target price on shares of Crescent Point Energy Corporation in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $14.00 target price on shares of Crescent Point Energy Corporation in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.33.

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.