Mn Services Vermogensbeheer B.V. Takes Position in Crescent Point Energy Corporation (CPG)

Mn Services Vermogensbeheer B.V. bought a new stake in Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 87,971 shares of the oil and gas producer’s stock, valued at approximately $672,000.

Several other large investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Crescent Point Energy Corporation by 29.1% in the fourth quarter. FMR LLC now owns 1,042,300 shares of the oil and gas producer’s stock valued at $14,168,000 after buying an additional 234,700 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Crescent Point Energy Corporation during the fourth quarter valued at $2,351,000. Two Sigma Investments LP bought a new stake in shares of Crescent Point Energy Corporation during the fourth quarter valued at $280,000. Quadrature Capital Ltd increased its stake in shares of Crescent Point Energy Corporation by 370.6% in the fourth quarter. Quadrature Capital Ltd now owns 251,759 shares of the oil and gas producer’s stock valued at $3,414,000 after buying an additional 198,259 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Crescent Point Energy Corporation by 19.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,451,305 shares of the oil and gas producer’s stock valued at $19,750,000 after buying an additional 240,536 shares during the last quarter. 41.00% of the stock is owned by institutional investors.

Shares of Crescent Point Energy Corporation (CPG) remained flat at $6.85 during mid-day trading on Thursday. 852,031 shares of the company were exchanged. Crescent Point Energy Corporation has a 52-week low of $6.67 and a 52-week high of $17.22. The company’s market cap is $3.74 billion. The stock has a 50 day moving average of $7.40 and a 200 day moving average of $9.47.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $605.03 million during the quarter, compared to analysts’ expectations of $602.04 million. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. During the same quarter last year, the company earned $0.03 earnings per share. On average, analysts anticipate that Crescent Point Energy Corporation will post $0.19 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.024 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.20%. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. Crescent Point Energy Corporation’s payout ratio is -48.28%.

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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, August 6th. Zacks Investment Research cut Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. AltaCorp Capital reiterated 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 research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.94.