Crescent Energy Company $CRGY Shares Sold by Summit Global Investments

Summit Global Investments lessened its stake in Crescent Energy Company (NYSE:CRGY) by 89.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,498 shares of the company’s stock after selling 98,676 shares during the quarter. Summit Global Investments’ holdings in Crescent Energy were worth $148,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE grew its position in Crescent Energy by 308.2% in the first quarter. Bank of America Corp DE now owns 3,056,820 shares of the company’s stock valued at $41,267,000 after acquiring an additional 2,307,971 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Crescent Energy during the second quarter worth $19,415,000. Kohlberg Kravis Roberts & Co. L.P. lifted its position in shares of Crescent Energy by 7.1% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 28,655,357 shares of the company’s stock worth $386,847,000 after purchasing an additional 1,897,230 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Crescent Energy by 74.1% in the first quarter. Jennison Associates LLC now owns 4,254,407 shares of the company’s stock valued at $57,435,000 after purchasing an additional 1,810,225 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new position in shares of Crescent Energy in the first quarter valued at $9,456,000. Institutional investors and hedge funds own 52.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Crescent Energy from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of Crescent Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Scotiabank initiated coverage on shares of Crescent Energy in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $18.00 price objective for the company. Morgan Stanley downgraded Crescent Energy to an “underweight” rating in a research note on Monday, August 3rd. Finally, Stephens lifted their target price on Crescent Energy from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.14.

Crescent Energy Stock Performance

Shares of CRGY opened at $13.01 on Wednesday. The business’s 50 day moving average is $13.60 and its two-hundred day moving average is $12.01. Crescent Energy Company has a 52-week low of $7.68 and a 52-week high of $15.47. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of -649.93 and a beta of 1.71. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.00.

Crescent Energy (NYSE:CRGY) last released its earnings results on Monday, November 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.59 by $0.18. Crescent Energy had a return on equity of 13.51% and a net margin of 1.30%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts forecast that Crescent Energy Company will post 2.03 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.48 annualized dividend and a yield of 3.7%. Crescent Energy’s dividend payout ratio is currently -960.00%.

Key Crescent Energy News

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Q3 earnings and revenue topped estimates: Crescent earned $0.77 per share versus the $0.59 consensus, while revenue of $1.35 billion exceeded estimates of $1.24 billion. EPS also rose from $0.35 a year earlier. Crescent Energy Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Operational progress and cash flow: Coverage highlighted operational efficiencies and portfolio transformation as contributors to results, supporting the company’s performance. Q3 Deep Dive: Operational Efficiencies and Portfolio Transformation
• Positive Sentiment: Quarterly dividend declared: Crescent announced a $0.12-per-share dividend, payable November 30 to shareholders of record November 16. The annualized payout is $0.48 per share.
• Neutral Sentiment: Proposed royalty subsidiary IPO: Crescent confidentially filed a draft registration statement for a potential IPO of Crescent Royalties. A separate listing could help surface value, but terms, timing, and the effect on Crescent itself have not yet been disclosed. Crescent Announces Confidential IPO Filing for Royalty Subsidiary
• Neutral Sentiment: Integration becomes a key focus: The operational update points to integration as the next priority. Successful execution could support future results, while the process remains an area investors will monitor. Q3 2026 Earnings Call Transcript

About Crescent Energy

Crescent Energy Company is an independent energy company focused on the acquisition, development and operation of oil and natural gas properties in the United States. Its activities include exploration and production, well development, production optimization and management of mature and unconventional oil and gas assets.

The company’s portfolio is concentrated in onshore U.S. basins, including the Eagle Ford in South Texas and the Uinta Basin in Utah, along with other producing properties.