CIBC Asset Management Inc raised its position in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,553,373 shares of the oil and gas producer’s stock after buying an additional 247,397 shares during the quarter. CIBC Asset Management Inc’s holdings in Crescent Point Energy were worth $73,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPG. Vanguard Group Inc. raised its position in Crescent Point Energy by 4.8% in the second quarter. Vanguard Group Inc. now owns 12,931,504 shares of the oil and gas producer’s stock valued at $98,925,000 after purchasing an additional 592,496 shares during the period. Parametric Portfolio Associates LLC raised its position in Crescent Point Energy by 3.1% in the second quarter. Parametric Portfolio Associates LLC now owns 113,088 shares of the oil and gas producer’s stock valued at $865,000 after purchasing an additional 3,407 shares during the period. Voya Investment Management LLC raised its position in Crescent Point Energy by 38.7% in the second quarter. Voya Investment Management LLC now owns 119,939 shares of the oil and gas producer’s stock valued at $918,000 after purchasing an additional 33,439 shares during the period. Sciencast Management LP raised its position in Crescent Point Energy by 26.6% in the second quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 3,204 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Crescent Point Energy by 97.9% in the second quarter. Cubist Systematic Strategies LLC now owns 83,911 shares of the oil and gas producer’s stock valued at $642,000 after purchasing an additional 41,520 shares during the period. 39.87% of the stock is currently owned by institutional investors.

Shares of Crescent Point Energy Co. (NYSE CPG) opened at $7.53 on Friday. Crescent Point Energy Co. has a 12-month low of $6.42 and a 12-month high of $12.66. 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 firm has a market capitalization of $4,109.83, a price-to-earnings ratio of 23.53, a PEG ratio of 7.17 and a beta of 1.52.

A number of research firms have recently weighed in on CPG. Scotiabank reaffirmed a “buy” rating and set a $17.00 price objective on shares of Crescent Point Energy in a research report on Tuesday, October 10th. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research report on Tuesday, October 10th. Desjardins lowered Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, UBS Group lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Crescent Point Energy has a consensus rating of “Hold” and an average price target of $13.94.

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Crescent Point Energy 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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