Crescent Point Energy Corporation (CPG) Position Decreased by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its stake in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,711 shares of the oil and gas producer’s stock after selling 28,600 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.07% of Crescent Point Energy Corporation worth $2,778,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Crescent Point Energy Corporation by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 394,140 shares of the oil and gas producer’s stock valued at $4,264,000 after purchasing an additional 145,647 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Crescent Point Energy Corporation by 3,443.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 194,900 shares of the oil and gas producer’s stock valued at $1,489,000 after purchasing an additional 189,400 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Crescent Point Energy Corporation by 0.6% in the 1st quarter. AQR Capital Management LLC now owns 317,425 shares of the oil and gas producer’s stock valued at $3,420,000 after purchasing an additional 1,980 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Crescent Point Energy Corporation by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,339,008 shares of the oil and gas producer’s stock worth $133,508,000 after acquiring an additional 242,451 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Crescent Point Energy Corporation by 311.7% during the 1st quarter. Jane Street Group LLC now owns 97,709 shares of the oil and gas producer’s stock worth $1,057,000 after acquiring an additional 73,975 shares in the last quarter. Institutional investors and hedge funds own 38.99% of the company’s stock.

CPG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective for the company in a research note on Tuesday, July 11th. ValuEngine lowered shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Crescent Point Energy Corporation presently has an average rating of “Hold” and a consensus price target of $20.94.

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Crescent Point Energy Corporation (CPG) traded up 1.03% during mid-day trading on Monday, reaching $6.86. 70,492 shares of the company’s stock traded hands. The stock’s market capitalization is $3.74 billion. The stock’s 50 day moving average is $7.13 and its 200-day moving average is $8.96. Crescent Point Energy Corporation has a 52 week low of $6.46 and a 52 week high of $14.74.

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

The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.024 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 4.24%. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is -48.28%.

Crescent Point Energy Corporation 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.

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

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