Intact Investment Management Inc. Has $13.85 Million Stake in Crescent Point Energy Corp. (NYSE:CPG)

Intact Investment Management Inc. raised its position in Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 15.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,996,516 shares of the oil and gas producer’s stock after purchasing an additional 260,700 shares during the period. Intact Investment Management Inc.’s holdings in Crescent Point Energy were worth $13,848,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Crescent Point Energy by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,888,969 shares of the oil and gas producer’s stock valued at $156,778,000 after acquiring an additional 217,234 shares during the period. American Century Companies Inc. lifted its position in shares of Crescent Point Energy by 12.1% during the 3rd quarter. American Century Companies Inc. now owns 3,585,348 shares of the oil and gas producer’s stock valued at $29,723,000 after acquiring an additional 387,650 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Crescent Point Energy by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,181,597 shares of the oil and gas producer’s stock valued at $26,564,000 after acquiring an additional 216,250 shares during the period. Invesco Ltd. lifted its position in shares of Crescent Point Energy by 2.1% during the 3rd quarter. Invesco Ltd. now owns 5,309,589 shares of the oil and gas producer’s stock valued at $44,070,000 after acquiring an additional 110,526 shares during the period. Finally, Ninepoint Partners LP lifted its position in shares of Crescent Point Energy by 100.0% during the 3rd quarter. Ninepoint Partners LP now owns 16,000,000 shares of the oil and gas producer’s stock valued at $132,800,000 after acquiring an additional 8,000,000 shares during the period. Institutional investors and hedge funds own 49.37% of the company’s stock.

Crescent Point Energy Stock Up 0.8 %

Shares of Crescent Point Energy stock traded up $0.07 during trading on Friday, reaching $9.07. 2,789,218 shares of the company traded hands, compared to its average volume of 5,850,463. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76. Crescent Point Energy Corp. has a 1-year low of $6.03 and a 1-year high of $9.08. The company has a 50 day moving average price of $7.97 and a 200-day moving average price of $7.37. The firm has a market capitalization of $5.62 billion, a PE ratio of 12.96 and a beta of 2.23.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). The company had revenue of $743.70 million for the quarter, compared to analyst estimates of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. As a group, equities research analysts expect that Crescent Point Energy Corp. will post 1.17 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.086 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s payout ratio is 48.57%.

Crescent Point Energy Profile

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.