South Dakota Investment Council Has $14.18 Million Position in Crescent Point Energy Corp. (NYSE:CPG)

South Dakota Investment Council reduced its stake in Crescent Point Energy Corp. (NYSE:CPGGet Rating) (TSE:CPG) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,655,974 shares of the oil and gas producer’s stock after selling 390,000 shares during the period. South Dakota Investment Council owned 0.46% of Crescent Point Energy worth $14,183,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CPG. Versor Investments LP increased its holdings in shares of Crescent Point Energy by 88.5% in the third quarter. Versor Investments LP now owns 154,400 shares of the oil and gas producer’s stock valued at $711,000 after purchasing an additional 72,500 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Crescent Point Energy by 221.0% in the third quarter. Deutsche Bank AG now owns 193,736 shares of the oil and gas producer’s stock valued at $893,000 after acquiring an additional 133,383 shares during the period. Swiss National Bank boosted its position in shares of Crescent Point Energy by 10.5% in the third quarter. Swiss National Bank now owns 1,295,100 shares of the oil and gas producer’s stock valued at $5,942,000 after acquiring an additional 122,600 shares during the period. Toronto Dominion Bank boosted its position in shares of Crescent Point Energy by 12.3% in the third quarter. Toronto Dominion Bank now owns 3,940,844 shares of the oil and gas producer’s stock valued at $18,168,000 after acquiring an additional 431,344 shares during the period. Finally, TD Asset Management Inc. boosted its position in shares of Crescent Point Energy by 12.7% in the third quarter. TD Asset Management Inc. now owns 3,435,106 shares of the oil and gas producer’s stock valued at $15,836,000 after acquiring an additional 387,004 shares during the period. Hedge funds and other institutional investors own 40.94% of the company’s stock.

Shares of CPG stock traded down $0.21 on Friday, reaching $6.92. The company had a trading volume of 8,055,253 shares, compared to its average volume of 8,279,270. The stock has a market capitalization of $3.98 billion, a PE ratio of 2.12 and a beta of 2.47. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. Crescent Point Energy Corp. has a one year low of $2.75 and a one year high of $7.98. The business’s 50-day moving average is $7.19 and its 200 day moving average is $6.05.

Crescent Point Energy (NYSE:CPGGet Rating) (TSE:CPG) last posted its earnings results on Thursday, March 3rd. The oil and gas producer reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $714.33 million during the quarter. Crescent Point Energy had a return on equity of 10.92% and a net margin of 72.41%. During the same period in the prior year, the business earned $0.12 earnings per share. On average, sell-side analysts forecast that Crescent Point Energy Corp. will post 1.56 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CPG. National Bank Financial boosted their target price on shares of Crescent Point Energy from C$15.50 to C$20.00 in a research report on Thursday, April 14th. Zacks Investment Research raised shares of Crescent Point Energy from a “strong sell” rating to a “hold” rating and set a $7.50 target price for the company in a research report on Monday, April 25th. CIBC boosted their target price on shares of Crescent Point Energy from C$13.00 to C$13.50 in a research report on Thursday, April 14th. StockNews.com began coverage on shares of Crescent Point Energy in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Scotiabank upped their price objective on shares of Crescent Point Energy from C$11.00 to C$11.50 in a research report on Monday, April 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $11.71.

About Crescent Point Energy (Get Rating)

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It'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 and Montana.

Further Reading

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

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