Swiss National Bank Decreases Stake in Crescent Point Energy Co. (CPG)

Swiss National Bank lowered its stake in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 27.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,192,461 shares of the oil and gas producer’s stock after selling 827,100 shares during the period. Swiss National Bank owned 0.40% of Crescent Point Energy worth $23,690,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Crescent Point Energy by 8.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,593,696 shares of the oil and gas producer’s stock valued at $21,019,000 after buying an additional 130,199 shares during the last quarter. Wellington Shields Capital Management LLC raised its position in shares of Crescent Point Energy by 5.7% in the third quarter. Wellington Shields Capital Management LLC now owns 20,350 shares of the oil and gas producer’s stock valued at $269,000 after buying an additional 1,100 shares during the last quarter. Chelsea Counsel Co. raised its position in shares of Crescent Point Energy by 18.2% in the third quarter. Chelsea Counsel Co. now owns 31,505 shares of the oil and gas producer’s stock valued at $416,000 after buying an additional 4,850 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Crescent Point Energy by 12.9% in the third quarter. TD Asset Management Inc. now owns 14,102,647 shares of the oil and gas producer’s stock valued at $185,639,000 after buying an additional 1,609,887 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Crescent Point Energy by 12.2% in the third quarter. Bank of New York Mellon Corp now owns 588,029 shares of the oil and gas producer’s stock valued at $7,763,000 after buying an additional 64,108 shares during the last quarter. 39.28% of the stock is currently owned by institutional investors.

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

Shares of Crescent Point Energy Co. (NYSE:CPG) traded up 4.85% during trading on Friday, hitting $9.95. The company’s stock had a trading volume of 857,124 shares. Crescent Point Energy Co. has a 52 week low of $9.02 and a 52 week high of $18.95. The company’s market cap is $5.42 billion. The firm’s 50 day moving average price is $10.12 and its 200-day moving average price is $11.56.

Crescent Point Energy (NYSE:CPG) last posted its earnings results on Thursday, April 27th. The oil and gas producer reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.34. Crescent Point Energy had a negative net margin of 32.46% and a positive return on equity of 2.44%. The firm had revenue of $609.29 million during the quarter, compared to analysts’ expectations of $607.80 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, analysts predict that Crescent Point Energy Co. will post $0.16 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a $0.022 dividend. The ex-dividend date of this dividend is Monday, May 29th. Crescent Point Energy’s dividend payout ratio (DPR) is -22.50%.

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CPG has been the topic of several research reports. Zacks Investment Research lowered Crescent Point Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Crescent Point Energy in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $22.90.

5 Day Chart for NYSE:CPG

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