Intech Investment Management LLC Buys 55,274 Shares of Crescent Energy Company $CRGY

Intech Investment Management LLC boosted its stake in Crescent Energy Company (NYSE:CRGY) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,530 shares of the company’s stock after acquiring an additional 55,274 shares during the period. Intech Investment Management LLC owned 0.05% of Crescent Energy worth $1,162,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CRGY. Vanguard Group Inc. raised its position in Crescent Energy by 34.6% in the fourth quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company’s stock worth $228,981,000 after acquiring an additional 7,015,982 shares during the period. American Century Companies Inc. raised its position in Crescent Energy by 8.0% in the third quarter. American Century Companies Inc. now owns 19,363,386 shares of the company’s stock worth $172,721,000 after acquiring an additional 1,434,789 shares during the period. Geode Capital Management LLC raised its position in Crescent Energy by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 5,592,793 shares of the company’s stock worth $46,935,000 after acquiring an additional 1,256,114 shares during the period. Dimensional Fund Advisors LP raised its position in Crescent Energy by 13.2% in the third quarter. Dimensional Fund Advisors LP now owns 10,658,863 shares of the company’s stock worth $95,080,000 after acquiring an additional 1,243,702 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Crescent Energy by 42.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock worth $44,616,000 after acquiring an additional 1,174,576 shares during the period. Institutional investors own 52.11% of the company’s stock.

Key Headlines Impacting Crescent Energy

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

• Positive Sentiment: KeyCorp maintained an Overweight rating on Crescent Energy and kept its $19 price objective, signaling continued upside potential from current levels. KeyBanc Keeps Their Buy Rating on Crescent Energy Company Class A (CRGY)
• Positive Sentiment: KeyCorp raised several near- and medium-term earnings estimates, including FY2026 EPS to $2.12 from $1.50 and Q4 2026 EPS to $0.54 from $0.33, which suggests improving profitability expectations for Crescent Energy.
• Neutral Sentiment: At the same time, KeyCorp trimmed some other estimates, including Q2 2026 EPS to $0.50, Q2 2027 EPS to $0.61, and Q3 2027 EPS to $0.57, while slightly lowering FY2027 EPS to $2.48.
• Negative Sentiment: The mixed revisions may be tempering investor enthusiasm, since the stock is trading below KeyCorp’s target even though the brokerage remains constructive on the name.

Wall Street Analyst Weigh In

Several brokerages have commented on CRGY. JPMorgan Chase & Co. raised shares of Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research report on Friday, March 20th. Wells Fargo & Company lifted their price objective on shares of Crescent Energy from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Stephens reaffirmed an “overweight” rating and issued a $18.00 price objective on shares of Crescent Energy in a research report on Tuesday, May 5th. KeyCorp lifted their price objective on shares of Crescent Energy from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 target price on shares of Crescent Energy in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Crescent Energy Price Performance

CRGY stock opened at $11.54 on Friday. The firm has a 50 day moving average of $12.79 and a 200-day moving average of $10.82. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.12. Crescent Energy Company has a 12 month low of $7.68 and a 12 month high of $14.29. The firm has a market capitalization of $3.81 billion, a P/E ratio of -15.38 and a beta of 1.37.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, May 4th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. Crescent Energy’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. As a group, sell-side analysts predict that Crescent Energy Company will post 1.99 earnings per share for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s dividend payout ratio (DPR) is currently -64.00%.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.