AMF Pensionsforsakring AB maintained its position in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 419,601 shares of the oil and gas producer’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned about 0.08% of Crescent Point Energy Corporation worth $4,521,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. acquired a new stake in Crescent Point Energy Corporation during the second quarter worth approximately $672,000. Sprott Inc. increased its stake in Crescent Point Energy Corporation by 32.7% in the second quarter. Sprott Inc. now owns 81,140 shares of the oil and gas producer’s stock valued at $621,000 after buying an additional 20,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Crescent Point Energy Corporation by 1,273.5% in the first quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 6,622 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Crescent Point Energy Corporation by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 394,140 shares of the oil and gas producer’s stock valued at $4,264,000 after buying an additional 145,647 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in Crescent Point Energy Corporation by 19.2% in the first quarter. Bank of Nova Scotia now owns 1,545,958 shares of the oil and gas producer’s stock valued at $16,706,000 after buying an additional 249,341 shares in the last quarter. Hedge funds and other institutional investors own 41.75% of the company’s stock.
Shares of Crescent Point Energy Corporation (NYSE CPG) traded up 2.88% on Friday, hitting $7.50. The company had a trading volume of 1,093,893 shares. The company’s market cap is $4.09 billion. Crescent Point Energy Corporation has a 12-month low of $6.97 and a 12-month high of $17.22. The company has a 50 day moving average of $7.68 and a 200-day moving average of $9.83.
Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. The business had revenue of $605.03 million during the quarter, compared to the consensus estimate of $602.04 million. During the same quarter last year, the firm earned $0.03 earnings per share. On average, analysts forecast that Crescent Point Energy Corporation will post $0.20 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.023 dividend. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.28 annualized dividend and a yield of 3.68%. Crescent Point Energy Corporation’s payout ratio is -48.28%.
Several research analysts recently commented on CPG shares. BidaskClub cut Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday. Zacks Investment Research downgraded Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. AltaCorp Capital reissued an “outperform” rating on shares of Crescent Point Energy Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine upgraded Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.94.
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