Moody National Bank Trust Division Has $1.41 Million Holdings in Crescent Energy Company $CRGY

Moody National Bank Trust Division increased its holdings in Crescent Energy Company (NYSE:CRGY) by 66.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,440 shares of the company’s stock after purchasing an additional 66,717 shares during the period. Moody National Bank Trust Division’s holdings in Crescent Energy were worth $1,405,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRGY. CM Management LLC acquired a new stake in shares of Crescent Energy in the third quarter worth about $1,561,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Crescent Energy during the 3rd quarter valued at about $1,034,000. Public Sector Pension Investment Board raised its stake in shares of Crescent Energy by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 724,991 shares of the company’s stock valued at $6,467,000 after acquiring an additional 98,428 shares in the last quarter. Kore Advisors LP raised its stake in shares of Crescent Energy by 17.0% in the 2nd quarter. Kore Advisors LP now owns 1,479,256 shares of the company’s stock valued at $12,722,000 after acquiring an additional 214,939 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its holdings in Crescent Energy by 346.3% in the 2nd quarter. Capital Fund Management S.A. now owns 439,593 shares of the company’s stock worth $3,780,000 after purchasing an additional 341,101 shares during the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

Crescent Energy Stock Performance

NYSE CRGY opened at $13.52 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.99 and a beta of 1.57. The company’s fifty day moving average is $10.59 and its two-hundred day moving average is $9.38. Crescent Energy Company has a 52-week low of $6.83 and a 52-week high of $13.57.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.19. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. The business had revenue of $865.05 million during the quarter, compared to analyst estimates of $884.64 million. Equities research analysts forecast that Crescent Energy Company will post 0.77 EPS for the current year.

Crescent Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, March 11th. Crescent Energy’s payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRGY shares. Wells Fargo & Company upped their target price on Crescent Energy from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. JPMorgan Chase & Co. raised shares of Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Friday, March 20th. William Blair restated an “outperform” rating on shares of Crescent Energy in a research note on Friday, March 6th. Piper Sandler upped their price objective on shares of Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Evercore initiated coverage on shares of Crescent Energy in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Crescent Energy currently has a consensus rating of “Moderate Buy” and an average target price of $14.30.

Crescent Energy Company Profile

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.