Sigma Planning Corp Has $298,000 Stock Holdings in Crescent Point Energy Corp. (NYSE:CPG)

Sigma Planning Corp decreased its stake in Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 48.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,000 shares of the oil and gas producer’s stock after selling 41,200 shares during the period. Sigma Planning Corp’s holdings in Crescent Point Energy were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Penbrook Management LLC increased its stake in shares of Crescent Point Energy by 0.4% in the fourth quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer’s stock valued at $3,493,000 after buying an additional 1,900 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Crescent Point Energy by 7.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,370 shares of the oil and gas producer’s stock worth $302,000 after purchasing an additional 2,431 shares during the period. Signaturefd LLC grew its stake in Crescent Point Energy by 21.9% during the third quarter. Signaturefd LLC now owns 15,334 shares of the oil and gas producer’s stock worth $127,000 after purchasing an additional 2,752 shares during the period. Bank of New York Mellon Corp grew its stake in Crescent Point Energy by 8.3% during the third quarter. Bank of New York Mellon Corp now owns 43,119 shares of the oil and gas producer’s stock worth $358,000 after purchasing an additional 3,298 shares during the period. Finally, Blue Trust Inc. grew its stake in Crescent Point Energy by 48.8% during the fourth quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer’s stock worth $71,000 after purchasing an additional 3,347 shares during the period. Institutional investors and hedge funds own 49.37% of the company’s stock.

Crescent Point Energy Trading Up 0.8 %

NYSE CPG opened at $9.07 on Friday. The business has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $7.38. Crescent Point Energy Corp. has a one year low of $6.03 and a one year high of $9.08. The stock has a market capitalization of $5.62 billion, a P/E ratio of 12.96 and a beta of 2.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.11). The firm had revenue of $743.70 million during the quarter, compared to the consensus estimate of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. Research analysts expect that Crescent Point Energy Corp. will post 1.17 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Thursday, March 14th. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s dividend payout ratio (DPR) is currently 48.57%.

Crescent Point Energy Profile

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.