Cumberland Partners Ltd lowered its stake in Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,900 shares of the oil and gas producer’s stock after selling 250 shares during the period. Cumberland Partners Ltd’s holdings in Crescent Point Energy Corporation were worth $290,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Crescent Point Energy Corporation by 0.6% in the first quarter. AQR Capital Management LLC now owns 317,425 shares of the oil and gas producer’s stock valued at $3,420,000 after buying an additional 1,980 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Crescent Point Energy Corporation by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 394,140 shares of the oil and gas producer’s stock valued at $4,264,000 after buying an additional 145,647 shares during the last quarter. Jane Street Group LLC raised its position in Crescent Point Energy Corporation by 311.7% in the first quarter. Jane Street Group LLC now owns 97,709 shares of the oil and gas producer’s stock valued at $1,057,000 after buying an additional 73,975 shares during the last quarter. Vanguard Group Inc. raised its position in Crescent Point Energy Corporation by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,339,008 shares of the oil and gas producer’s stock valued at $133,508,000 after buying an additional 242,451 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its position in Crescent Point Energy Corporation by 1.2% in the second quarter. K.J. Harrison & Partners Inc now owns 691,739 shares of the oil and gas producer’s stock valued at $5,285,000 after buying an additional 7,950 shares during the last quarter. Institutional investors own 41.32% of the company’s stock.

Crescent Point Energy Corporation (NYSE:CPG) opened at 7.08 on Friday. The company has a 50 day moving average price of $7.49 and a 200 day moving average price of $9.64. The firm’s market capitalization is $3.86 billion. Crescent Point Energy Corporation has a 12 month low of $6.97 and a 12 month high of $17.22.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The business had revenue of $605.03 million for the quarter, compared to analysts’ expectations of $602.04 million. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Analysts anticipate that Crescent Point Energy Corporation will post $0.20 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.023 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 3.90%. Crescent Point Energy Corporation’s payout ratio is presently -48.28%.

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Several equities analysts have recently issued reports on CPG shares. Zacks Investment Research lowered Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. ValuEngine lowered Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub upgraded Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, AltaCorp Capital restated an “outperform” rating on shares of Crescent Point Energy Corporation in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.94.

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

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