65,424 Shares in Crescent Energy (NYSE:CRGY) Bought by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in Crescent Energy (NYSE:CRGY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 65,424 shares of the company’s stock, valued at approximately $956,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC raised its position in shares of Crescent Energy by 234.4% in the fourth quarter. Jennison Associates LLC now owns 4,785,326 shares of the company’s stock worth $69,914,000 after buying an additional 3,354,362 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Crescent Energy by 9.9% in the fourth quarter. DAVENPORT & Co LLC now owns 89,000 shares of the company’s stock worth $1,300,000 after buying an additional 8,000 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Crescent Energy in the fourth quarter worth $170,905,000. Toth Financial Advisory Corp bought a new position in Crescent Energy in the fourth quarter valued at $131,000. Finally, Harbor Capital Advisors Inc. increased its stake in Crescent Energy by 2.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 37,831 shares of the company’s stock valued at $553,000 after acquiring an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 52.11% of the company’s stock.

Crescent Energy Stock Up 2.5 %

Shares of NYSE:CRGY opened at $14.89 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $3.40 billion, a P/E ratio of 24.01 and a beta of 2.16. Crescent Energy has a 12-month low of $9.88 and a 12-month high of $16.94. The stock’s 50-day moving average price is $15.06 and its 200-day moving average price is $13.27.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Crescent Energy from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Pickering Energy Partners assumed coverage on Crescent Energy in a research note on Monday, October 28th. They issued an “outperform” rating on the stock. Stephens increased their target price on Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Truist Financial increased their target price on Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Siebert Williams Shank initiated coverage on Crescent Energy in a research note on Monday, February 3rd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $17.50.

Crescent Energy Company Profile

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.