New York State Teachers Retirement System Acquires Shares of 54,617 Crescent Energy (NYSE:CRGY)

New York State Teachers Retirement System acquired a new stake in shares of Crescent Energy (NYSE:CRGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,617 shares of the company’s stock, valued at approximately $798,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of Crescent Energy in the fourth quarter worth $170,905,000. State Street Corp boosted its holdings in shares of Crescent Energy by 78.6% in the third quarter. State Street Corp now owns 6,783,997 shares of the company’s stock worth $74,285,000 after acquiring an additional 2,986,468 shares during the period. Jennison Associates LLC boosted its holdings 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 acquiring an additional 3,354,362 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Crescent Energy by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 3,698,678 shares of the company’s stock worth $40,501,000 after acquiring an additional 33,626 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Crescent Energy by 53.2% in the third quarter. Geode Capital Management LLC now owns 3,354,700 shares of the company’s stock worth $36,741,000 after acquiring an additional 1,164,306 shares during the period. 52.11% of the stock is owned by institutional investors.

Crescent Energy Stock Down 4.8 %

NYSE CRGY opened at $14.29 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $3.26 billion, a PE ratio of 23.04 and a beta of 2.16. Crescent Energy has a 1 year low of $9.88 and a 1 year high of $16.94. The business’s 50-day moving average is $15.09 and its 200 day moving average is $13.43.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Pickering Energy Partners assumed coverage on Crescent Energy in a report on Monday, October 28th. They issued an “outperform” rating for the company. Stephens raised their price target on Crescent Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Raymond James increased their price objective on Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial increased their price objective on Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Siebert Williams Shank assumed coverage on Crescent Energy in a research report on Monday, February 3rd. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.50.

About Crescent Energy

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.