Campbell & CO Investment Adviser LLC acquired a new stake in shares of Crescent Point Energy Corp. (NYSE:CPG – Get Rating) (TSE:CPG) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,400 shares of the oil and gas producer's stock, valued at approximately $155,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC lifted its stake in Crescent Point Energy by 17.0% during the 1st quarter. Signaturefd LLC now owns 16,221 shares of the oil and gas producer's stock valued at $118,000 after acquiring an additional 2,357 shares during the period. Woodward Diversified Capital LLC lifted its stake in Crescent Point Energy by 40.0% during the 1st quarter. Woodward Diversified Capital LLC now owns 14,000 shares of the oil and gas producer's stock valued at $102,000 after acquiring an additional 4,000 shares during the period. First Trust Advisors LP acquired a new stake in Crescent Point Energy during the 4th quarter valued at approximately $70,000. CIBC Asset Management Inc lifted its stake in Crescent Point Energy by 0.3% during the 4th quarter. CIBC Asset Management Inc now owns 5,413,139 shares of the oil and gas producer's stock valued at $28,866,000 after acquiring an additional 14,397 shares during the period. Finally, Shell Asset Management Co. lifted its stake in Crescent Point Energy by 29.9% during the 4th quarter. Shell Asset Management Co. now owns 63,945 shares of the oil and gas producer's stock valued at $342,000 after acquiring an additional 14,700 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.
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Crescent Point Energy Stock Performance
NYSE:CPG opened at $7.45 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.59 and a current ratio of 0.59. The company has a fifty day moving average of $7.54 and a two-hundred day moving average of $7.41. The stock has a market capitalization of $4.20 billion, a PE ratio of 3.23 and a beta of 2.26. Crescent Point Energy Corp. has a fifty-two week low of $2.75 and a fifty-two week high of $10.96.
Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas producer reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $1.03 billion for the quarter. Crescent Point Energy had a return on equity of 13.55% and a net
margin of 42.33%. As a group, research analysts forecast that Crescent Point Energy Corp. will post 2.71 earnings per share for the current fiscal year.
Crescent Point Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a dividend of $0.062 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a yield of 3.33%. Crescent Point Energy's dividend payout ratio is currently 9.09%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. National Bank Financial decreased their target price on shares of Crescent Point Energy from C$21.00 to C$20.00 in a research note on Thursday, July 28th. Scotiabank upgraded shares of Crescent Point Energy from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, June 8th. CIBC boosted their target price on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research note on Wednesday, June 15th. Finally, Stifel Nicolaus boosted their target price on shares of Crescent Point Energy from C$15.50 to C$17.00 in a research note on Thursday, June 30th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $15.00.
Crescent Point Energy Profile
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Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana.
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