Commonwealth Bank of Australia raised its position in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 42.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,347 shares of the oil and gas producer’s stock after purchasing an additional 41,000 shares during the quarter. Commonwealth Bank of Australia’s holdings in Crescent Point Energy were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sciencast Management LP raised its holdings in shares of Crescent Point Energy by 26.6% during the 2nd quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 3,204 shares during the period. DekaBank Deutsche Girozentrale grew its stake in 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 valued at $171,000 after purchasing an additional 3,600 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in Crescent Point Energy 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 valued at $256,000 after purchasing an additional 4,290 shares in the last quarter. Korea Investment CORP grew its stake in Crescent Point Energy by 1.9% during the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 645 shares in the last quarter. Finally, Airain ltd grew its stake in 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 valued at $295,000 after purchasing an additional 9,012 shares in the last quarter. Institutional investors own 39.72% of the company’s stock.

Crescent Point Energy Co. (CPG) opened at $7.34 on Wednesday. Crescent Point Energy Co. has a 12-month low of $6.46 and a 12-month high of $14.74. The stock has a market capitalization of $4,027.96, a P/E ratio of 23.06 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.72.

The business also recently disclosed a dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.024 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Crescent Point Energy’s previous dividend of $0.02. Crescent Point Energy’s payout ratio is currently -34.15%.

A number of equities research analysts have weighed in on CPG shares. ValuEngine lowered Crescent Point Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $14.00 price objective on shares of Crescent Point Energy in a research note on Monday, September 25th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.50 target price for the company in a research report on Tuesday, September 26th. Scotiabank reiterated a “buy” rating and issued a $17.00 target price on shares of Crescent Point Energy in a research report on Tuesday, October 10th. Finally, Desjardins lowered Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.33.

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Crescent Point Energy Company 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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