Aventail Capital Group LP Acquires 87,989 Shares of Crescent Energy Company $CRGY

Aventail Capital Group LP grew its holdings in shares of Crescent Energy Company (NYSE:CRGY) by 8.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,085,739 shares of the company’s stock after buying an additional 87,989 shares during the period. Aventail Capital Group LP’s holdings in Crescent Energy were worth $9,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Aristeia Capital L.L.C. boosted its position in shares of Crescent Energy by 26.8% in the fourth quarter. Aristeia Capital L.L.C. now owns 57,135 shares of the company’s stock valued at $479,000 after acquiring an additional 12,086 shares during the period. ACT Capital Management LLC bought a new position in shares of Crescent Energy in the fourth quarter valued at approximately $514,000. Freestone Grove Partners LP boosted its position in shares of Crescent Energy by 156.8% in the fourth quarter. Freestone Grove Partners LP now owns 2,523,223 shares of the company’s stock valued at $21,170,000 after acquiring an additional 1,540,842 shares during the period. Guggenheim Capital LLC boosted its position in shares of Crescent Energy by 159.2% in the fourth quarter. Guggenheim Capital LLC now owns 57,802 shares of the company’s stock valued at $485,000 after acquiring an additional 35,505 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Crescent Energy by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 967,019 shares of the company’s stock valued at $8,113,000 after acquiring an additional 24,394 shares during the period. 52.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRGY. Raymond James Financial restated a “strong-buy” rating and issued a $20.00 price objective on shares of Crescent Energy in a research report on Thursday, April 30th. KeyCorp restated an “overweight” rating and issued a $19.00 price objective on shares of Crescent Energy in a research report on Thursday, June 11th. Zacks Research upgraded shares of Crescent Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Johnson Rice restated an “accumulate” rating and issued a $19.00 price objective on shares of Crescent Energy in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered shares of Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Crescent Energy currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Crescent Energy Trading Down 0.3%

Shares of CRGY opened at $10.78 on Thursday. The firm’s 50 day simple moving average is $12.45 and its 200 day simple moving average is $10.96. The company has a market capitalization of $3.56 billion, a P/E ratio of -14.38 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.57 and a quick ratio of 0.57. Crescent Energy Company has a 1-year low of $7.68 and a 1-year high of $14.29.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, May 4th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. Crescent Energy’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Sell-side analysts forecast that Crescent Energy Company will post 1.99 earnings per share for the current fiscal year.

Crescent Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s dividend payout ratio (DPR) is currently -64.00%.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.