Toronto Dominion Bank trimmed its position in shares of Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) by 18.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,697,442 shares of the oil and gas producer’s stock after selling 620,000 shares during the period. Toronto Dominion Bank owned approximately 0.49% of Crescent Point Energy worth $17,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its holdings in Crescent Point Energy by 13.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 73,869 shares of the oil and gas producer’s stock valued at $543,000 after buying an additional 8,476 shares during the period. Van ECK Associates Corp grew its position in Crescent Point Energy by 9.5% in the 2nd quarter. Van ECK Associates Corp now owns 150,453 shares of the oil and gas producer’s stock valued at $1,106,000 after acquiring an additional 13,051 shares during the last quarter. Russell Investments Group Ltd. grew its position in Crescent Point Energy by 14.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 110,387 shares of the oil and gas producer’s stock valued at $690,000 after acquiring an additional 13,650 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in Crescent Point Energy in the 2nd quarter valued at $177,000. Finally, Trexquant Investment LP grew its position in Crescent Point Energy by 128.5% in the 2nd quarter. Trexquant Investment LP now owns 45,510 shares of the oil and gas producer’s stock valued at $334,000 after acquiring an additional 25,596 shares during the last quarter. 39.41% of the stock is currently owned by institutional investors and hedge funds.

CPG opened at $3.80 on Monday. Crescent Point Energy Corp has a 12-month low of $3.66 and a 12-month high of $9.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $2.09 billion, a PE ratio of 27.14 and a beta of 1.49.

The company also recently declared a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Thursday, November 29th. Crescent Point Energy’s payout ratio is 200.00%.

CPG has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Crescent Point Energy in a research report on Tuesday, October 16th. BMO Capital Markets downgraded Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, October 22nd. TD Securities reaffirmed a “hold” rating on shares of Crescent Point Energy in a research report on Sunday, October 28th. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday, October 16th. Finally, ValuEngine raised Crescent Point Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.38.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.dailypolitical.com/2018/11/19/toronto-dominion-bank-sells-620000-shares-of-crescent-point-energy-corp-cpg.html.

About Crescent Point Energy

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, and Utah.

Further Reading: Candlestick

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 Corp (NYSE:CPG) (TSE:CPG).

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

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