Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) by 13.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,739 shares of the oil and gas producer’s stock after selling 4,682 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crescent Point Energy were worth $100,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Crescent Point Energy in the 4th quarter valued at approximately $21,929,000. JPMorgan Chase & Co. lifted its holdings in shares of Crescent Point Energy by 283.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,004 shares of the oil and gas producer’s stock worth $5,981,000 after acquiring an additional 696,256 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Crescent Point Energy by 25.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 719,023 shares of the oil and gas producer’s stock worth $4,565,000 after acquiring an additional 148,097 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Crescent Point Energy by 1.8% during the 4th quarter. BlackRock Inc. now owns 303,255 shares of the oil and gas producer’s stock worth $916,000 after acquiring an additional 5,393 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of Crescent Point Energy by 163.8% during the 1st quarter. K.J. Harrison & Partners Inc now owns 515,399 shares of the oil and gas producer’s stock worth $1,670,000 after acquiring an additional 320,000 shares during the last quarter. 32.97% of the stock is currently owned by institutional investors.

Crescent Point Energy stock traded up $0.02 during mid-day trading on Friday, hitting $3.49. The company’s stock had a trading volume of 1,734,605 shares, compared to its average volume of 2,926,562. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.92 billion, a PE ratio of 10.58 and a beta of 1.12. Crescent Point Energy Corp has a 12 month low of $2.43 and a 12 month high of $8.18.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.20. The business had revenue of $671.24 million during the quarter, compared to the consensus estimate of $621.98 million. Crescent Point Energy had a negative net margin of 67.99% and a positive return on equity of 4.22%. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities analysts expect that Crescent Point Energy Corp will post 0.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Saturday, June 15th will be paid a $0.007 dividend. This represents a $0.03 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, June 13th. Crescent Point Energy’s dividend payout ratio is presently 9.09%.

A number of research firms have recently issued reports on CPG. Macquarie raised shares of Crescent Point Energy from a “neutral” rating to an “outperform” rating and set a $4.06 price objective for the company in a report on Thursday, April 11th. Canaccord Genuity raised shares of Crescent Point Energy to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised shares of Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective for the company in a report on Wednesday, May 8th. Raymond James reaffirmed a “hold” rating on shares of Crescent Point Energy in a report on Friday, May 10th. Finally, CIBC raised shares of Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $4.35.

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About Crescent Point Energy

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves 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.

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

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