Tower Research Capital LLC TRC Acquires 14,560 Shares of Crescent Point Energy Corp. (NYSE:CPG)

Tower Research Capital LLC TRC increased its holdings in shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 938.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,112 shares of the oil and gas producer’s stock after acquiring an additional 14,560 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Crescent Point Energy were worth $112,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CPG. Parallel Advisors LLC grew its stake in Crescent Point Energy by 224.1% during the fourth quarter. Parallel Advisors LLC now owns 6,378 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 4,410 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Crescent Point Energy during the first quarter worth about $50,000. Ronald Blue Trust Inc. grew its stake in Crescent Point Energy by 33.6% during the third quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer’s stock worth $57,000 after buying an additional 1,727 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Crescent Point Energy during the first quarter worth about $62,000. Finally, Blue Trust Inc. grew its stake in Crescent Point Energy by 48.8% during the fourth quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer’s stock worth $71,000 after buying an additional 3,347 shares in the last quarter. 49.37% of the stock is owned by institutional investors.

Crescent Point Energy Price Performance

Crescent Point Energy stock traded down $0.01 during trading hours on Friday, reaching $8.80. 4,072,212 shares of the stock were exchanged, compared to its average volume of 5,836,550. The company has a market cap of $5.46 billion, a P/E ratio of 12.57 and a beta of 2.23. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. Crescent Point Energy Corp. has a twelve month low of $6.03 and a twelve month high of $8.86. The stock has a 50 day moving average of $7.33 and a two-hundred day moving average of $7.30.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings data 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). Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. The firm had revenue of $743.70 million for the quarter, compared to analyst estimates of $752.25 million. Equities analysts expect that Crescent Point Energy Corp. will post 1.21 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.086 dividend. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.07. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio (DPR) is presently 48.57%.

About Crescent Point Energy

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.