Sentry Investments Corp. cut its stake in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 41.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,399,009 shares of the oil and gas producer’s stock after selling 3,850,728 shares during the period. Sentry Investments Corp. owned about 0.99% of Crescent Point Energy Corporation worth $53,558,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CPG. Tower Research Capital LLC TRC boosted its position in shares of Crescent Point Energy Corporation by 1,273.5% in the first quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 6,622 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Crescent Point Energy Corporation during the first quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale boosted its position in shares of Crescent Point Energy Corporation by 19.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock valued at $171,000 after buying an additional 3,600 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Crescent Point Energy Corporation by 80.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,198 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 13,024 shares during the last quarter. Finally, Airain ltd purchased a new position in shares of Crescent Point Energy Corporation during the first quarter valued at approximately $319,000. Institutional investors own 38.99% of the company’s stock.

Crescent Point Energy Corporation (NYSE:CPG) traded up 3.721% during trading on Thursday, reaching $6.773. 198,650 shares of the company were exchanged. The firm’s 50-day moving average is $7.24 and its 200 day moving average is $9.26. Crescent Point Energy Corporation has a one year low of $6.55 and a one year high of $16.43. The company’s market capitalization is $3.69 billion.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $605.03 million during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.03 EPS. On average, analysts anticipate that Crescent Point Energy Corporation will post $0.20 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.024 per share. This is an increase from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Tuesday, August 29th. Crescent Point Energy Corporation’s dividend payout ratio is currently -48.28%.

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A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Finally, AltaCorp Capital reiterated 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 five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.94.

About Crescent Point Energy Corporation

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.

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

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