AMP Capital Investors Ltd lifted its position in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 27.4% during the 4th quarter, HoldingsChannel reports. The fund owned 290,498 shares of the oil and gas producer’s stock after buying an additional 62,500 shares during the quarter. AMP Capital Investors Ltd’s holdings in Crescent Point Energy were worth $2,221,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPG. Schroder Investment Management Group increased its position in shares of Crescent Point Energy by 104.7% in the fourth quarter. Schroder Investment Management Group now owns 2,551,509 shares of the oil and gas producer’s stock worth $24,443,000 after acquiring an additional 1,305,114 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Crescent Point Energy by 8.3% in the fourth quarter. Mackenzie Financial Corp now owns 16,418,931 shares of the oil and gas producer’s stock worth $125,112,000 after acquiring an additional 1,264,220 shares in the last quarter. Ninepoint Partners LP increased its position in shares of Crescent Point Energy by 195.7% in the fourth quarter. Ninepoint Partners LP now owns 1,091,000 shares of the oil and gas producer’s stock worth $8,313,000 after acquiring an additional 722,000 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of Crescent Point Energy by 1,830.8% in the fourth quarter. Cumberland Partners Ltd now owns 708,600 shares of the oil and gas producer’s stock worth $5,423,000 after acquiring an additional 671,900 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Crescent Point Energy in the third quarter worth approximately $5,331,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Crescent Point Energy Co. (CPG) opened at $7.17 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a market cap of $3,815.10, a P/E ratio of -35.85 and a beta of 1.51. Crescent Point Energy Co. has a fifty-two week low of $6.40 and a fifty-two week high of $11.45.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings results on Thursday, March 1st. The oil and gas producer reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $721.29 million for the quarter, compared to analyst estimates of $691.70 million. Crescent Point Energy had a positive return on equity of 1.04% and a negative net margin of 4.23%. During the same quarter in the prior year, the business posted $0.18 earnings per share. analysts anticipate that Crescent Point Energy Co. will post 0.24 EPS for the current year.

The business also recently declared a dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be issued a dividend of $0.023 per share. The ex-dividend date of this dividend is Wednesday, March 28th. Crescent Point Energy’s dividend payout ratio is currently -144.99%.

Several research analysts have recently weighed in on the stock. AltaCorp Capital reissued a “buy” rating and issued a $16.25 target price on shares of Crescent Point Energy in a research report on Monday, January 15th. ValuEngine downgraded shares of Crescent Point Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Friday, December 29th. Raymond James Financial cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, UBS cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Crescent Point Energy presently has a consensus rating of “Hold” and an average target price of $13.69.

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Crescent Point Energy Profile

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company'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, Montana, Colorado, and Utah.

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Institutional Ownership by Quarter for Crescent Point Energy (NYSE:CPG)

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