American Century Companies Inc. raised its stake in Crescent Energy Company (NYSE:CRGY – Free Report) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,363,386 shares of the company’s stock after purchasing an additional 1,434,789 shares during the quarter. American Century Companies Inc. owned 7.60% of Crescent Energy worth $172,721,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Crescent Energy by 42.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock valued at $44,616,000 after purchasing an additional 1,174,576 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Crescent Energy during the 2nd quarter worth $5,267,000. AQR Capital Management LLC boosted its stake in Crescent Energy by 3,393.3% in the 2nd quarter. AQR Capital Management LLC now owns 597,497 shares of the company’s stock worth $5,138,000 after buying an additional 580,393 shares during the last quarter. Cetera Investment Advisers grew its holdings in Crescent Energy by 53.6% in the second quarter. Cetera Investment Advisers now owns 1,372,257 shares of the company’s stock valued at $11,801,000 after purchasing an additional 478,754 shares during the period. Finally, Capital Fund Management S.A. increased its holdings in shares of Crescent Energy by 346.3% during the 2nd quarter. Capital Fund Management S.A. now owns 439,593 shares of the company’s stock worth $3,780,000 after buying an additional 341,101 shares during the last quarter. 52.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CRGY. Evercore assumed 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 on the stock. Wall Street Zen cut Crescent Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings upgraded Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday. BMO Capital Markets initiated coverage on shares of Crescent Energy in a report on Friday, January 9th. They issued a “market perform” rating and a $10.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on Crescent Energy from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Crescent Energy has a consensus rating of “Moderate Buy” and an average target price of $13.27.
Crescent Energy News Summary
Here are the key news stories impacting Crescent Energy this week:
- Positive Sentiment: Q4 earnings beat — Crescent reported $0.49 EPS vs. $0.30 consensus and highlighted strong cash flow; investors are focusing on the EPS beat despite a small revenue miss. Q4 Press Release
- Positive Sentiment: Management commentary and call transcript reinforced cash‑generation and the company’s strategy (including commentary around the Vital transaction), supporting the stock move. Earnings Transcript
- Positive Sentiment: Dividend increase/announcement — Crescent declared a $0.12 quarterly dividend (4.4% yield on an annualized basis) with an ex‑dividend date in March, which can attract income‑oriented investors and support the share price.
- Positive Sentiment: Bullish investor write‑ups — at least one analyst/coverage piece framed the stock positively (growth/asset thesis), helping momentum. Crescent Energy: A Royal Addition
- Neutral Sentiment: Valuation debate — commentary is asking whether the recent price reflects real operational improvement or short‑term momentum, suggesting some investors may be booking gains or reassessing multiples. Is Crescent Energy (CRGY) Pricing Reflect Recent Gains Or Longer Term Share Price Weakness
- Neutral Sentiment: Deal execution question — coverage asks if Crescent can deliver on the Vital deal and associated synergies; successful execution would be positive, but execution risk keeps some investors cautious. Crescent Energy earnings up next: Can it deliver on Vital deal?
- Negative Sentiment: New risk disclosure — Crescent warned about lease expirations and operational risks that could impair undeveloped reserves and future financial performance; this increases downside risk to production and reserves if not managed. Lease Expiration Risk Warning
Crescent Energy Stock Up 7.6%
CRGY stock opened at $11.65 on Friday. The company’s 50 day simple moving average is $9.20 and its 200-day simple moving average is $9.04. The firm has a market capitalization of $2.97 billion, a P/E ratio of 22.40 and a beta of 1.73. Crescent Energy Company has a 52-week low of $6.83 and a 52-week high of $12.85. 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 (NYSE:CRGY – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.30 by $0.19. The business had revenue of $865.05 million during the quarter, compared to analysts’ expectations of $884.64 million. Crescent Energy had a net margin of 3.71% and a return on equity of 8.91%. As a group, equities research analysts anticipate that Crescent Energy Company will post 0.77 EPS for the current year.
Crescent Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 4.1%. Crescent Energy’s payout ratio is currently 92.31%.
About Crescent Energy
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.
See Also
- Five stocks we like better than Crescent Energy
- The gold chart Wall Street is terrified of…
- This makes me furious
- America’s 1776 happening again
- Buy this Gold Stock Before May 2026
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.
