Moody National Bank Trust Division Has $1.41 Million Stock Position in Crescent Energy Company $CRGY

Moody National Bank Trust Division lifted its position in Crescent Energy Company (NYSE:CRGY) by 66.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,440 shares of the company’s stock after acquiring an additional 66,717 shares during the period. Moody National Bank Trust Division owned about 0.07% of Crescent Energy worth $1,405,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DAVENPORT & Co LLC lifted its position in shares of Crescent Energy by 2.9% in the 4th quarter. DAVENPORT & Co LLC now owns 107,000 shares of the company’s stock valued at $898,000 after acquiring an additional 3,000 shares in the last quarter. SG Americas Securities LLC raised its stake in Crescent Energy by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 60,957 shares of the company’s stock valued at $511,000 after purchasing an additional 10,093 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Crescent Energy by 33.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,748 shares of the company’s stock valued at $295,000 after purchasing an additional 9,236 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Crescent Energy by 72.4% in the fourth quarter. GAMMA Investing LLC now owns 16,823 shares of the company’s stock valued at $141,000 after purchasing an additional 7,063 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Crescent Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 200,607 shares of the company’s stock valued at $1,789,000 after purchasing an additional 8,583 shares in the last quarter. Institutional investors and hedge funds own 52.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Crescent Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Friday, March 20th. Jefferies Financial Group restated a “hold” rating and set a $9.00 price objective on shares of Crescent Energy in a research report on Sunday, January 25th. Mizuho lifted their target price on Crescent Energy from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets began coverage on Crescent Energy in a report on Friday, January 9th. They issued a “market perform” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Crescent Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.30.

Crescent Energy Price Performance

Shares of NYSE:CRGY opened at $13.52 on Thursday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 25.99 and a beta of 1.57. Crescent Energy Company has a 1 year low of $6.83 and a 1 year high of $13.57. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $9.38.

Crescent Energy (NYSE:CRGY) last issued its earnings results on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. Crescent Energy had a return on equity of 8.36% and a net margin of 3.71%.The firm had revenue of $865.05 million for the quarter, compared to the consensus estimate of $884.64 million. As a group, sell-side analysts predict that Crescent Energy Company will post 0.77 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. Crescent Energy’s payout ratio is presently 92.31%.

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.