Addenda Capital Inc. Has $2.48 Million Stake in Crescent Point Energy Co. (CPG)

Addenda Capital Inc. lessened its holdings in shares of Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 45.6% during the 4th quarter, Holdings Channel reports. The fund owned 322,876 shares of the oil and gas producer’s stock after selling 270,720 shares during the quarter. Addenda Capital Inc.’s holdings in Crescent Point Energy were worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc. boosted its stake in shares of Crescent Point Energy by 6.2% during the 3rd quarter. TD Asset Management Inc. now owns 10,360,008 shares of the oil and gas producer’s stock worth $83,003,000 after acquiring an additional 602,814 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Crescent Point Energy by 38.7% during the 2nd quarter. Voya Investment Management LLC now owns 119,939 shares of the oil and gas producer’s stock worth $918,000 after acquiring an additional 33,439 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Crescent Point Energy by 7.5% during the 3rd quarter. Mackenzie Financial Corp now owns 15,154,711 shares of the oil and gas producer’s stock worth $121,995,000 after acquiring an additional 1,059,760 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Crescent Point Energy by 42.6% during the 3rd quarter. Commonwealth Bank of Australia now owns 137,347 shares of the oil and gas producer’s stock worth $1,098,000 after acquiring an additional 41,000 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Crescent Point Energy during the 3rd quarter worth $1,091,000. Institutional investors and hedge funds own 39.68% of the company’s stock.

Crescent Point Energy Co. (NYSE:CPG) opened at $9.01 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.72. Crescent Point Energy Co. has a one year low of $6.42 and a one year high of $13.09. The firm has a market cap of $4,961.27, a price-to-earnings ratio of 28.41, a P/E/G ratio of 14.78 and a beta of 1.52.

Several research analysts have recently weighed in on CPG shares. Raymond James Financial cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Scotiabank reiterated a “buy” rating and set a $17.00 price target on shares of Crescent Point Energy in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a research note on Tuesday, October 10th. UBS Group cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Finally, ValuEngine upgraded shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Crescent Point Energy has a consensus rating of “Hold” and an average target price of $13.17.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.themarketsdaily.com/2018/01/13/addenda-capital-inc-has-2-48-million-stake-in-crescent-point-energy-co-cpg.html.

About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company'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, Montana, Colorado, and Utah.

Want to see what other hedge funds are holding CPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG).

Institutional Ownership by Quarter for Crescent Point Energy (NYSE:CPG)

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply