Toth Financial Advisory Corp Buys Shares of 9,000 Crescent Energy (NYSE:CRGY)

Toth Financial Advisory Corp purchased a new position in shares of Crescent Energy (NYSE:CRGY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $131,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in Crescent Energy by 15,675.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock worth $35,000 after purchasing an additional 3,135 shares during the last quarter. Amalgamated Bank grew its holdings in Crescent Energy by 86.4% in the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock worth $54,000 after buying an additional 2,272 shares in the last quarter. GAMMA Investing LLC increased its position in Crescent Energy by 48.3% in the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock valued at $73,000 after acquiring an additional 1,621 shares during the period. Zacks Investment Management bought a new stake in Crescent Energy during the 3rd quarter valued at $121,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Crescent Energy during the 3rd quarter valued at $155,000. Institutional investors and hedge funds own 52.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRGY shares. Mizuho raised their price target on Crescent Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Truist Financial raised their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Stephens upped their price target on shares of Crescent Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their price objective on shares of Crescent Energy from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, Pickering Energy Partners began coverage on Crescent Energy in a report on Monday, October 28th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $17.50.

Crescent Energy Price Performance

NYSE CRGY opened at $15.98 on Friday. Crescent Energy has a 1 year low of $9.88 and a 1 year high of $16.94. The business’s fifty day moving average is $14.94 and its two-hundred day moving average is $12.97. The stock has a market capitalization of $3.65 billion, a P/E ratio of 25.78 and a beta of 2.17. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, November 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. The business had revenue of $744.87 million during the quarter, compared to the consensus estimate of $793.88 million. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. During the same period in the prior year, the business posted $0.35 earnings per share. On average, research analysts forecast that Crescent Energy will post 0.84 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.12 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.48 annualized dividend and a dividend yield of 3.00%. Crescent Energy’s dividend payout ratio (DPR) is presently 77.42%.

About Crescent Energy

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.