Crescent Energy Company $CRGY Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in Crescent Energy Company (NYSE:CRGY) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 724,991 shares of the company’s stock after purchasing an additional 98,428 shares during the period. Public Sector Pension Investment Board owned 0.28% of Crescent Energy worth $6,467,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund raised its position in shares of Crescent Energy by 20.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 105,315 shares of the company’s stock worth $939,000 after purchasing an additional 18,001 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Crescent Energy by 135.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 6,018 shares of the company’s stock valued at $54,000 after buying an additional 3,466 shares during the last quarter. Keybank National Association OH increased its position in Crescent Energy by 11.7% during the third quarter. Keybank National Association OH now owns 43,070 shares of the company’s stock worth $384,000 after buying an additional 4,507 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Crescent Energy by 12.9% in the third quarter. AlphaQuest LLC now owns 35,530 shares of the company’s stock worth $317,000 after acquiring an additional 4,065 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Crescent Energy in the third quarter worth $672,000. 52.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on CRGY shares. Wall Street Zen lowered Crescent Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised shares of Crescent Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Piper Sandler cut their price objective on shares of Crescent Energy from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Wells Fargo & Company reduced their price objective on shares of Crescent Energy from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 27th. Finally, Evercore started coverage on shares of Crescent Energy in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.27.

Crescent Energy Stock Performance

Shares of NYSE:CRGY opened at $10.29 on Thursday. The business has a 50-day moving average of $8.92 and a two-hundred day moving average of $8.97. The firm has a market capitalization of $2.62 billion, a PE ratio of -68.58 and a beta of 1.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.81 and a quick ratio of 0.81. Crescent Energy Company has a 12 month low of $6.83 and a 12 month high of $15.58.

Crescent Energy Company Profile

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.