Riposte Capital LLC Has $10.23 Million Position in Crescent Energy (NYSE:CRGY)

Riposte Capital LLC trimmed its position in shares of Crescent Energy (NYSE:CRGY) by 58.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700,000 shares of the company’s stock after selling 965,000 shares during the quarter. Crescent Energy makes up about 2.0% of Riposte Capital LLC’s investment portfolio, making the stock its 15th biggest position. Riposte Capital LLC owned 0.31% of Crescent Energy worth $10,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Crescent Energy by 2.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company’s stock valued at $553,000 after purchasing an additional 897 shares during the period. GAMMA Investing LLC grew its holdings in Crescent Energy by 48.3% during the fourth quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock worth $73,000 after purchasing an additional 1,621 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Crescent Energy by 206.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company’s stock worth $52,000 after acquiring an additional 2,377 shares during the last quarter. Heritage Wealth Management Inc. raised its position in shares of Crescent Energy by 2.6% in the fourth quarter. Heritage Wealth Management Inc. now owns 111,475 shares of the company’s stock valued at $1,629,000 after purchasing an additional 2,775 shares during the period. Finally, Arizona State Retirement System raised its holdings in Crescent Energy by 7.4% in the 4th quarter. Arizona State Retirement System now owns 45,051 shares of the company’s stock valued at $658,000 after acquiring an additional 3,100 shares during the period. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Stock Down 1.8 %

Shares of NYSE:CRGY opened at $11.44 on Monday. The firm has a market capitalization of $2.96 billion, a PE ratio of 18.44 and a beta of 2.18. 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 has a 52-week low of $9.88 and a 52-week high of $16.94. The firm has a fifty day moving average of $13.95 and a 200 day moving average of $13.48.

Crescent Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.20%. Crescent Energy’s dividend payout ratio is -69.57%.

Insider Activity at Crescent Energy

In other Crescent Energy news, Director Michael Duginski bought 20,000 shares of Crescent Energy stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $10.57 per share, with a total value of $211,400.00. Following the completion of the purchase, the director now owns 259,607 shares of the company’s stock, valued at approximately $2,744,045.99. This represents a 8.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $9.91, for a total transaction of $29,221,844.93. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 24,932 shares of company stock valued at $263,219. Insiders own 13.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CRGY shares. Siebert Williams Shank initiated coverage on shares of Crescent Energy in a research note on Monday, February 3rd. They issued a “buy” rating for the company. Stephens reaffirmed an “overweight” rating and issued a $17.00 price objective on shares of Crescent Energy in a research note on Monday, March 3rd. Truist Financial lifted their price target on Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on shares of Crescent Energy from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Williams Trading set a $16.00 target price on Crescent Energy in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.45.

Crescent Energy Company Profile

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.