Dimensional Fund Advisors LP Cuts Stake in Crescent Point Energy Corporation (NYSE:CPG)

Dimensional Fund Advisors LP decreased its stake in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,166,604 shares of the oil and gas producer’s stock after selling 54,666 shares during the period. Dimensional Fund Advisors LP owned approximately 0.58% of Crescent Point Energy Corporation worth $24,225,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Crescent Point Energy Corporation by 19.3% during the second 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. Candriam Luxembourg S.C.A. increased its position in shares of Crescent Point Energy Corporation by 14.7% during the second 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. Korea Investment CORP increased its position in shares of Crescent Point Energy Corporation by 1.9% during the second 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. Airain ltd increased its position in shares of Crescent Point Energy Corporation by 30.5% during the second quarter. Airain ltd now owns 38,512 shares of the oil and gas producer’s stock worth $295,000 after acquiring an additional 9,012 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Crescent Point Energy Corporation by 91.6% during the first quarter. KCG Holdings Inc. now owns 51,849 shares of the oil and gas producer’s stock worth $560,000 after acquiring an additional 24,792 shares in the last quarter. 38.84% of the stock is owned by institutional investors.

Crescent Point Energy Corporation (NYSE:CPG) opened at $7.76 on Wednesday. Crescent Point Energy Corporation has a 12-month low of $6.46 and a 12-month high of $14.74. The firm has a market cap of $4,557.38, a price-to-earnings ratio of 26.09 and a beta of 1.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72.

The company also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a $0.024 dividend. The ex-dividend date is Monday, October 30th. This is an increase from Crescent Point Energy Corporation’s previous dividend of $0.02. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is -35.37%.

CPG has been the subject of several research reports. Zacks Investment Research downgraded shares of Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. BidaskClub raised shares of Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine downgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $14.00 target price on shares of Crescent Point Energy Corporation in a research report on Monday, September 25th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $17.00 target price on shares of Crescent Point Energy Corporation in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Crescent Point Energy Corporation presently has a consensus rating of “Hold” and an average price target of $13.33.

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About Crescent Point Energy Corporation

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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