Northside Capital Management LLC Has $602,000 Position in Crescent Energy Company $CRGY

Northside Capital Management LLC lessened its holdings in Crescent Energy Company (NYSE:CRGY) by 80.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,704 shares of the company’s stock after selling 302,500 shares during the quarter. Northside Capital Management LLC’s holdings in Crescent Energy were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CM Management LLC bought a new position in shares of Crescent Energy during the third quarter valued at $1,561,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Crescent Energy in the third quarter worth $1,034,000. Public Sector Pension Investment Board grew its stake in shares of Crescent Energy by 15.7% in the third quarter. Public Sector Pension Investment Board now owns 724,991 shares of the company’s stock worth $6,467,000 after purchasing an additional 98,428 shares during the last quarter. Capital Fund Management S.A. increased its holdings in Crescent Energy by 346.3% in the second quarter. Capital Fund Management S.A. now owns 439,593 shares of the company’s stock valued at $3,780,000 after purchasing an additional 341,101 shares during the period. Finally, Kore Advisors LP increased its holdings in Crescent Energy by 17.0% in the second quarter. Kore Advisors LP now owns 1,479,256 shares of the company’s stock valued at $12,722,000 after purchasing an additional 214,939 shares during the period. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRGY has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 target price on shares of Crescent Energy in a report on Sunday, January 25th. William Blair reissued an “outperform” rating on shares of Crescent Energy in a research note on Friday, March 6th. Weiss Ratings upgraded Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. raised Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research note on Friday. Finally, Wells Fargo & Company upped their target price on Crescent Energy from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Crescent Energy has an average rating of “Moderate Buy” and an average target price of $13.78.

Crescent Energy News Roundup

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: JPMorgan upgraded CRGY from “neutral” to “overweight” and set a $19.00 price target (roughly +50% upside vs recent levels), which is a major catalyst for buying interest. Read More. Read More.
• Positive Sentiment: Unusual options activity: traders bought 4,578 call options (up 128% vs average daily call volume), signaling speculative or hedged bullish bets that can amplify upside momentum in the underlying shares.
• Positive Sentiment: Broker optimism: Wells Fargo publicly forecasted strong price appreciation for CRGY, and brokerages collectively show a consensus “Moderate Buy,” adding institutional credibility to the rally. Read More. Read More.
• Positive Sentiment: Technical/market action: reports note CRGY hit a new 52-week high after the analyst upgrade, which can attract momentum and ETF/quant flows that buy stocks breaking to new highs. Read More.
• Neutral Sentiment: Capital-structure item: a recent ESOP shelf filing has drawn attention — this could be part of employee-compensation planning or a mechanism to issue equity in the future. Impact depends on whether shares are issued (possible dilution) or used minimally; for now it’s informational. Read More.

Crescent Energy Price Performance

CRGY stock opened at $12.66 on Friday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 24.34 and a beta of 1.57. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.07. Crescent Energy Company has a 12-month low of $6.83 and a 12-month high of $12.94. The company’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $9.30.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. The business had revenue of $865.05 million for the quarter, compared to analysts’ expectations of $884.64 million. On average, analysts expect that Crescent Energy Company will post 0.77 earnings per share for the current year.

Crescent Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. Crescent Energy’s dividend payout ratio is presently 92.31%.

About Crescent Energy

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.