Crescent Point Energy Corp. (NYSE:CPG) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,387 shares of the oil and gas producer’s stock after acquiring an additional 5,053 shares during the quarter. Signaturefd LLC’s holdings in Crescent Point Energy were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Crescent Point Energy by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 495,681 shares of the oil and gas producer’s stock valued at $3,435,000 after acquiring an additional 240,910 shares in the last quarter. Ninepoint Partners LP lifted its holdings in shares of Crescent Point Energy by 18.8% during the 4th quarter. Ninepoint Partners LP now owns 19,000,000 shares of the oil and gas producer’s stock valued at $131,670,000 after acquiring an additional 3,000,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Crescent Point Energy by 21.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,141 shares of the oil and gas producer’s stock worth $844,000 after buying an additional 21,046 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Crescent Point Energy in the 4th quarter worth $472,000. Finally, Blue Trust Inc. lifted its holdings in Crescent Point Energy by 48.8% in the 4th quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer’s stock worth $71,000 after buying an additional 3,347 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Crescent Point Energy Stock Performance

Shares of CPG stock opened at $9.07 on Monday. Crescent Point Energy Corp. has a 12 month low of $6.03 and a 12 month high of $9.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $5.62 billion, a P/E ratio of 12.96 and a beta of 2.23. The company’s fifty day moving average price is $8.02 and its two-hundred day moving average price is $7.37.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.11). The company 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%. On average, research analysts anticipate that Crescent Point Energy Corp. will post 1.17 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.086 per share. 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 an increase from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s dividend payout ratio is currently 47.14%.

About Crescent Point Energy

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.