700,427 Shares in Crescent Energy Company $CRGY Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new position in Crescent Energy Company (NYSE:CRGY) in the 1st quarter, Holdings Channel reports. The firm acquired 700,427 shares of the company’s stock, valued at approximately $9,456,000.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in Crescent Energy by 16.1% during the 1st quarter. Royal Bank of Canada now owns 58,900 shares of the company’s stock valued at $662,000 after acquiring an additional 8,173 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Crescent Energy by 8.9% in the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock worth $192,000 after acquiring an additional 1,397 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Crescent Energy by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company’s stock valued at $1,109,000 after purchasing an additional 6,184 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Crescent Energy by 42.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock valued at $44,616,000 after purchasing an additional 1,174,576 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Crescent Energy by 32.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company’s stock valued at $2,748,000 after purchasing an additional 59,199 shares in the last quarter. 52.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRGY. Weiss Ratings cut Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Crescent Energy from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of Crescent Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Raymond James Financial decreased their price target on shares of Crescent Energy from $20.00 to $18.00 and set a “strong-buy” rating for the company in a research note on Thursday, June 18th. Finally, UBS Group initiated coverage on shares of Crescent Energy in a research report on Tuesday, July 14th. They set a “buy” rating and a $13.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Crescent Energy currently has an average rating of “Moderate Buy” and a consensus target price of $15.58.

Crescent Energy Stock Performance

Crescent Energy stock opened at $11.39 on Friday. Crescent Energy Company has a twelve month low of $7.68 and a twelve month high of $14.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.76 billion, a P/E ratio of -15.19 and a beta of 1.40. The stock’s 50 day moving average is $11.09 and its 200 day moving average is $11.18.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. On average, equities research analysts predict that Crescent Energy Company will post 1.77 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s payout ratio is currently -64.00%.

Crescent Energy Company Profile

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.