Amalgamated Bank Has $54,000 Stock Holdings in Crescent Energy (NYSE:CRGY)

Amalgamated Bank boosted its stake in Crescent Energy (NYSE:CRGY) by 86.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,903 shares of the company’s stock after acquiring an additional 2,272 shares during the period. Amalgamated Bank’s holdings in Crescent Energy were worth $54,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Crescent Energy by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 9,308,793 shares of the company’s stock worth $110,775,000 after purchasing an additional 1,137,367 shares during the period. American Century Companies Inc. lifted its holdings in Crescent Energy by 444.8% in the second quarter. American Century Companies Inc. now owns 7,775,940 shares of the company’s stock valued at $92,145,000 after buying an additional 6,348,598 shares during the period. Marshall Wace LLP boosted its position in Crescent Energy by 286.7% during the second quarter. Marshall Wace LLP now owns 2,830,118 shares of the company’s stock valued at $33,537,000 after acquiring an additional 2,098,303 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Crescent Energy by 85.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,656,222 shares of the company’s stock worth $31,477,000 after acquiring an additional 1,226,027 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in Crescent Energy by 63.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,590,748 shares of the company’s stock worth $18,930,000 after acquiring an additional 614,969 shares during the period. 52.11% of the stock is currently owned by institutional investors.

Crescent Energy Trading Up 3.4 %

CRGY opened at $14.11 on Tuesday. The firm has a market capitalization of $3.22 billion, a PE ratio of 22.76 and a beta of 2.19. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93. Crescent Energy has a fifty-two week low of $9.88 and a fifty-two week high of $14.24. The company’s 50-day moving average is $12.32 and its 200 day moving average is $11.99.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.28 by $0.11. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. The firm had revenue of $744.87 million during the quarter, compared to the consensus estimate of $793.88 million. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, research analysts predict that Crescent Energy will post 0.97 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. Crescent Energy’s dividend payout ratio is currently 77.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRGY shares. Truist Financial cut their target price on Crescent Energy from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Mizuho raised their price objective on shares of Crescent Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Stephens lifted their price objective on shares of Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Wells Fargo & Company cut their target price on shares of Crescent Energy from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Crescent Energy in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $15.80.

Crescent Energy 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.