SG Americas Securities LLC Buys 112,440 Shares of Crescent Point Energy Corp. (NYSE:CPG)

SG Americas Securities LLC grew its stake in shares of Crescent Point Energy Corp. (NYSE:CPG – Get Rating) (TSE:CPG) by 425.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,854 shares of the oil and gas producer’s stock after acquiring an additional 112,440 shares during the quarter. SG Americas Securities LLC’s holdings in Crescent Point Energy were worth $855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ninepoint Partners LP increased its holdings in Crescent Point Energy by 80.0% in the 2nd quarter. Ninepoint Partners LP now owns 18,000,000 shares of the oil and gas producer’s stock worth $128,160,000 after buying an additional 8,000,000 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Crescent Point Energy by 294.0% during the 1st quarter. Renaissance Technologies LLC now owns 6,350,887 shares of the oil and gas producer’s stock valued at $46,064,000 after acquiring an additional 4,739,152 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Crescent Point Energy by 243.8% in the second quarter. Goldman Sachs Group Inc. now owns 2,837,663 shares of the oil and gas producer’s stock worth $20,204,000 after acquiring an additional 2,012,265 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Crescent Point Energy by 76.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,549,782 shares of the oil and gas producer’s stock valued at $32,986,000 after purchasing an additional 1,965,940 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in Crescent Point Energy during the first quarter valued at approximately $11,746,000. 32.71% of the stock is currently owned by institutional investors.

Crescent Point Energy Trading Up 2.1 %

Shares of CPG stock opened at $7.24 on Friday. Crescent Point Energy Corp. has a 1 year low of $5.51 and a 1 year high of $10.96. The firm has a fifty day moving average price of $7.24 and a 200-day moving average price of $7.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 2.55 and a beta of 2.22.

Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last issued its quarterly earnings data on Wednesday, October 26th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Crescent Point Energy had a net margin of 48.44% and a return on equity of 14.13%. The firm had revenue of $881.85 million during the quarter. As a group, equities analysts predict that Crescent Point Energy Corp. will post 2.83 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.075 per share. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.14%. Crescent Point Energy’s payout ratio is presently 8.45%.

Wall Street Analysts Forecast Growth

CPG has been the subject of a number of research analyst reports. National Bank Financial cut their target price on shares of Crescent Point Energy from C$17.00 to C$15.00 in a research report on Wednesday, January 11th. CIBC decreased their target price on shares of Crescent Point Energy from C$16.00 to C$15.00 in a research note on Tuesday. StockNews.com started coverage on shares of Crescent Point Energy in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Scotiabank decreased their target price on shares of Crescent Point Energy from C$15.00 to C$13.00 in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on shares of Crescent Point Energy from C$17.00 to C$16.00 in a research note on Monday, December 12th.

About Crescent Point Energy

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Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana.