Crescent Point Energy Corporation (CPG) Holdings Decreased by Bridgewater Associates LP

Bridgewater Associates LP lessened its holdings in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 116,095 shares of the oil and gas producer’s stock after selling 19,083 shares during the quarter. Bridgewater Associates LP’s holdings in Crescent Point Energy Corporation were worth $887,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CPG. Tower Research Capital LLC TRC lifted its stake in shares of Crescent Point Energy Corporation by 1,273.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock worth $103,000 after purchasing an additional 6,622 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Crescent Point Energy Corporation by 19.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 3,600 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Crescent Point Energy Corporation during the 1st quarter worth $187,000. Candriam Luxembourg S.C.A. lifted its stake in shares of Crescent Point Energy Corporation by 14.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 33,488 shares of the oil and gas producer’s stock worth $256,000 after purchasing an additional 4,290 shares during the period. Finally, Korea Investment CORP lifted its stake in shares of Crescent Point Energy Corporation by 1.9% during the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock worth $261,000 after purchasing an additional 645 shares during the period. 38.99% of the stock is currently owned by institutional investors.

Crescent Point Energy Corporation (NYSE CPG) opened at 7.37 on Friday. The company has a 50 day moving average price of $7.06 and a 200 day moving average price of $8.80. Crescent Point Energy Corporation has a 12 month low of $6.46 and a 12 month high of $14.74. The stock’s market capitalization is $4.02 billion.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $602.04 million. During the same period in the previous year, the company posted $0.03 EPS. Equities research analysts predict that Crescent Point Energy Corporation will post $0.21 earnings per share for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.024 per share. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. This represents a $0.29 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, August 29th. Crescent Point Energy Corporation’s payout ratio is currently -48.28%.

A number of research analysts have weighed in on the company. ValuEngine lowered Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub lowered Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. Finally, Zacks Investment Research lowered Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.94.

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Crescent Point Energy Corporation Company Profile

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah.

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

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