37,286 Shares in Crescent Energy (NYSE:CRGY) Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Crescent Energy (NYSE:CRGY) during the 4th quarter, Holdings Channel.com reports. The fund bought 37,286 shares of the company’s stock, valued at approximately $545,000.

A number of other large investors have also modified their holdings of CRGY. Harbor Capital Advisors Inc. grew its holdings in Crescent Energy by 2.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company’s stock worth $553,000 after acquiring an additional 897 shares during the period. GAMMA Investing LLC grew its stake in shares of Crescent Energy by 48.3% during the 4th 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 grew its stake 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 purchasing an additional 2,377 shares during the period. Heritage Wealth Management Inc. increased its holdings in shares of Crescent Energy by 2.6% in the 4th 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 in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Crescent Energy by 7.4% in the fourth quarter. Arizona State Retirement System now owns 45,051 shares of the company’s stock valued at $658,000 after purchasing an additional 3,100 shares during the period. 52.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho upped their price target on Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Raymond James lifted their price objective on Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup lowered Crescent Energy to a “reduce” rating in a report on Wednesday, March 5th. Finally, Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of Crescent Energy in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Crescent Energy presently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

Insider Buying and Selling

In related news, Director Michael Duginski acquired 20,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $10.57 per share, for a total transaction of $211,400.00. Following the acquisition, the director now directly owns 259,607 shares in the company, valued at approximately $2,744,045.99. The trade was a 8.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were 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. Over the last 90 days, insiders have bought 24,932 shares of company stock worth $263,219. 13.20% of the stock is owned by insiders.

Crescent Energy Trading Down 2.0 %

Shares of CRGY stock opened at $11.25 on Friday. Crescent Energy has a twelve month low of $9.88 and a twelve month high of $16.94. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 18.14 and a beta of 2.18. The firm has a 50-day moving average price of $13.54 and a 200 day moving average price of $13.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12.

Crescent Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, March 12th. Crescent Energy’s payout ratio is -69.57%.

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.