Crescent Point Energy Corporation (CPG) Position Raised by Scotia Capital Inc.

Scotia Capital Inc. boosted its stake in Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,226,740 shares of the oil and gas producer’s stock after purchasing an additional 118,507 shares during the quarter. Scotia Capital Inc. owned about 0.59% of Crescent Point Energy Corporation worth $24,685,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in Crescent Point Energy Corporation by 0.4% in the first quarter. Van ECK Associates Corp now owns 95,409 shares of the oil and gas producer’s stock valued at $1,032,000 after purchasing an additional 385 shares during the period. Korea Investment CORP grew its holdings in Crescent Point Energy Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 645 shares during the period. AQR Capital Management LLC grew its holdings in Crescent Point Energy Corporation by 0.6% in the first quarter. AQR Capital Management LLC now owns 317,425 shares of the oil and gas producer’s stock valued at $3,420,000 after purchasing an additional 1,980 shares during the period. Sciencast Management LP grew its holdings in Crescent Point Energy Corporation by 26.6% in the second quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 3,204 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Crescent Point Energy Corporation by 3.1% in the second quarter. Parametric Portfolio Associates LLC now owns 113,088 shares of the oil and gas producer’s stock valued at $865,000 after purchasing an additional 3,407 shares during the period. Hedge funds and other institutional investors own 38.99% of the company’s stock.

Crescent Point Energy Corporation (NYSE:CPG) traded up 2.005% during midday trading on Tuesday, reaching $7.885. 509,304 shares of the company’s stock traded hands. The company’s 50-day moving average price is $7.37 and its 200 day moving average price is $8.42. Crescent Point Energy Corporation has a 52 week low of $6.46 and a 52 week high of $14.74. The stock’s market capitalization is $4.30 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $605.03 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.03 earnings per share. On average, equities research analysts expect 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 will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, September 28th. Crescent Point Energy Corporation’s dividend payout ratio is -51.72%.

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A number of equities research analysts recently issued reports on CPG shares. Zacks Investment Research downgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $14.00 target price on shares of Crescent Point Energy Corporation in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Crescent Point Energy Corporation has a consensus rating of “Hold” and a consensus target price of $17.00.

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.

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

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