State of Tennessee Treasury Department maintained its position in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,704 shares of the oil and gas producer’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned about 0.08% of Crescent Point Energy Corporation worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Crescent Point Energy Corporation by 1,273.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock worth $103,000 after acquiring an additional 6,622 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Crescent Point Energy Corporation 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 acquiring an additional 3,600 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Crescent Point Energy Corporation during the 1st quarter worth $187,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Crescent Point Energy Corporation by 14.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 33,488 shares of the oil and gas producer’s stock worth $256,000 after acquiring an additional 4,290 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Crescent Point Energy Corporation by 1.9% during the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock worth $261,000 after acquiring an additional 645 shares in the last quarter. 38.99% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CPG. BidaskClub raised Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine raised Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research cut Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.94.

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Shares of Crescent Point Energy Corporation (NYSE CPG) opened at 7.27 on Thursday. The firm’s market cap is $3.97 billion. The stock has a 50 day moving average price of $7.11 and a 200 day moving average price of $8.84. Crescent Point Energy Corporation has a 12 month low of $6.46 and a 12 month high of $14.74.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. The company had revenue of $605.03 million during the quarter, compared to analysts’ expectations of $602.04 million. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. During the same quarter in the previous year, the company posted $0.03 EPS. On average, equities research analysts expect that Crescent Point Energy Corporation will post $0.21 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.024 per share. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.29 annualized dividend and a dividend yield of 3.96%. Crescent Point Energy Corporation’s payout ratio is presently -48.28%.

Crescent Point Energy Corporation 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 Corporation (NYSE:CPG)

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