Crescent Energy Company $CRGY Stock: Summit Global Investments Lowers Position

Summit Global Investments decreased its stake in shares of Crescent Energy Company (NYSE:CRGY) by 89.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,498 shares of the company’s stock after selling 98,676 shares during the period. Summit Global Investments’ holdings in Crescent Energy were worth $148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kohlberg Kravis Roberts & Co. L.P. boosted its holdings in shares of Crescent Energy by 7.1% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 28,655,357 shares of the company’s stock valued at $386,847,000 after purchasing an additional 1,897,230 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Crescent Energy by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,171,033 shares of the company’s stock valued at $177,810,000 after buying an additional 298,818 shares during the period. Jennison Associates LLC increased its holdings in shares of Crescent Energy by 74.1% during the 1st quarter. Jennison Associates LLC now owns 4,254,407 shares of the company’s stock worth $57,435,000 after buying an additional 1,810,225 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Crescent Energy by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 3,341,779 shares of the company’s stock worth $45,114,000 after buying an additional 163,268 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Crescent Energy by 64.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,251,891 shares of the company’s stock worth $41,917,000 after buying an additional 1,274,787 shares during the last quarter. Institutional investors and hedge funds own 52.11% of the company’s stock.

Key Stories Impacting Crescent Energy

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Q3 earnings and revenue topped estimates: Crescent earned $0.77 per share versus the $0.59 consensus, while revenue of $1.35 billion exceeded estimates of $1.24 billion. EPS also rose from $0.35 a year earlier. Crescent Energy Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Operational progress and cash flow: Coverage highlighted operational efficiencies and portfolio transformation as contributors to results, supporting the company’s performance. Q3 Deep Dive: Operational Efficiencies and Portfolio Transformation
• Positive Sentiment: Quarterly dividend declared: Crescent announced a $0.12-per-share dividend, payable November 30 to shareholders of record November 16. The annualized payout is $0.48 per share.
• Neutral Sentiment: Proposed royalty subsidiary IPO: Crescent confidentially filed a draft registration statement for a potential IPO of Crescent Royalties. A separate listing could help surface value, but terms, timing, and the effect on Crescent itself have not yet been disclosed. Crescent Announces Confidential IPO Filing for Royalty Subsidiary
• Neutral Sentiment: Integration becomes a key focus: The operational update points to integration as the next priority. Successful execution could support future results, while the process remains an area investors will monitor. Q3 2026 Earnings Call Transcript

Analysts Set New Price Targets

Several research analysts recently weighed in on CRGY shares. Wells Fargo & Company increased their target price on Crescent Energy from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Evercore reissued an “outperform” rating on shares of Crescent Energy in a research report on Wednesday, October 14th. Morgan Stanley lowered Crescent Energy to an “underweight” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Crescent Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Finally, Truist Financial initiated coverage on Crescent Energy in a report on Thursday, September 17th. They issued a “buy” rating and a $19.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.14.

Crescent Energy Price Performance

CRGY opened at $13.01 on Wednesday. Crescent Energy Company has a 52-week low of $7.68 and a 52-week high of $15.47. The company has a 50 day moving average of $13.60 and a two-hundred day moving average of $12.01. The company has a market cap of $5.49 billion, a P/E ratio of -649.93 and a beta of 1.71. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.00.

Crescent Energy (NYSE:CRGY) last issued its earnings results on Monday, November 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.18. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.24 billion. Crescent Energy had a net margin of 1.30% and a return on equity of 13.51%. On average, analysts expect that Crescent Energy Company will post 2.03 earnings per share for the current year.

Crescent Energy Announces Dividend

The business also recently declared 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 3.7%. The ex-dividend date is Monday, November 16th. Crescent Energy’s dividend payout ratio is currently -960.00%.

Crescent Energy Company Profile

Crescent Energy Company is an independent energy company focused on the acquisition, development and operation of oil and natural gas properties in the United States. Its activities include exploration and production, well development, production optimization and management of mature and unconventional oil and gas assets.

The company’s portfolio is concentrated in onshore U.S. basins, including the Eagle Ford in South Texas and the Uinta Basin in Utah, along with other producing properties.