Jane Street Group LLC bought a new stake in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 60,817 shares of the oil and gas producer’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its stake in shares of Crescent Point Energy by 3,443.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 194,900 shares of the oil and gas producer’s stock worth $1,489,000 after purchasing an additional 189,400 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Crescent Point Energy by 19.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 3,600 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Crescent Point Energy by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 2,538,602 shares of the oil and gas producer’s stock worth $18,756,000 after purchasing an additional 20,507 shares in the last quarter. Andra AP fonden bought a new stake in shares of Crescent Point Energy during the 2nd quarter worth approximately $1,692,000. Finally, Airain ltd raised its stake in shares of Crescent Point Energy by 30.5% during the 2nd quarter. Airain ltd now owns 38,512 shares of the oil and gas producer’s stock worth $295,000 after purchasing an additional 9,012 shares in the last quarter. Hedge funds and other institutional investors own 39.72% of the company’s stock.

Shares of Crescent Point Energy Co. (CPG) opened at $6.43 on Friday. Crescent Point Energy Co. has a 12 month low of $6.42 and a 12 month high of $14.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3,509.46, a price-to-earnings ratio of 20.09 and a beta of 1.52.

A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James Financial cut Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday. UBS cut Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday. Zacks Investment Research cut Crescent Point Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Desjardins cut Crescent Point Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.33.

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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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