Crescent Energy Company $CRGY Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in Crescent Energy Company (NYSE:CRGY) by 376.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,041 shares of the company’s stock after acquiring an additional 47,432 shares during the quarter. Vise Technologies Inc.’s holdings in Crescent Energy were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Crescent Energy by 308.2% in the 1st quarter. Bank of America Corp DE now owns 3,056,820 shares of the company’s stock worth $41,267,000 after purchasing an additional 2,307,971 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Crescent Energy during the 2nd quarter valued at approximately $19,415,000. Kohlberg Kravis Roberts & Co. L.P. raised its stake in Crescent Energy by 7.1% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 28,655,357 shares of the company’s stock valued at $386,847,000 after buying an additional 1,897,230 shares during the last quarter. Jennison Associates LLC raised its stake in Crescent Energy by 74.1% during the first quarter. Jennison Associates LLC now owns 4,254,407 shares of the company’s stock valued at $57,435,000 after buying an additional 1,810,225 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new position in Crescent Energy during the first quarter valued at $9,456,000. 52.11% of the stock is currently owned by hedge funds and other institutional investors.

Crescent Energy Trading Down 2.1%

NYSE:CRGY opened at $10.98 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.94. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -548.73 and a beta of 1.71. Crescent Energy Company has a one year low of $7.68 and a one year high of $15.47. The business has a fifty day moving average price of $13.42 and a 200-day moving average price of $12.06.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, November 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.18. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Crescent Energy had a return on equity of 13.43% and a net margin of 1.30%. Sell-side analysts forecast that Crescent Energy Company will post 2.21 EPS for the current year.

Crescent Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 16th. Crescent Energy’s dividend payout ratio is currently -2,400.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRGY shares. Stephens upped their price target on shares of Crescent Energy from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Seaport Research Partners began coverage on shares of Crescent Energy in a research note on Thursday, September 3rd. They set a “sell” rating and a $12.00 price objective for the company. Zacks Research upgraded shares of Crescent Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Scotiabank initiated coverage on shares of Crescent Energy in a report on Wednesday, October 14th. They set a “sector outperform” rating and a $18.00 price target on the stock. Finally, Evercore reissued an “outperform” rating on shares of Crescent Energy in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crescent Energy has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

Crescent Energy Profile