Crescent Point Energy Co. (CPG) Shares Bought by Hexavest Inc.

Hexavest Inc. lifted its position in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) by 83.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 796,621 shares of the oil and gas producer’s stock after purchasing an additional 362,136 shares during the quarter. Hexavest Inc.’s holdings in Crescent Point Energy were worth $6,091,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CPG. Fiera Capital Corp raised its stake in shares of Crescent Point Energy by 1,017.4% in the second quarter. Fiera Capital Corp now owns 1,880,707 shares of the oil and gas producer’s stock worth $14,361,000 after purchasing an additional 1,712,394 shares during the last quarter. Stevens Capital Management LP raised its stake in shares of Crescent Point Energy by 180.7% in the second quarter. Stevens Capital Management LP now owns 133,424 shares of the oil and gas producer’s stock worth $1,021,000 after purchasing an additional 85,898 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Crescent Point Energy by 13.5% in the second quarter. Van ECK Associates Corp now owns 108,313 shares of the oil and gas producer’s stock worth $829,000 after purchasing an additional 12,904 shares during the last quarter. Public Sector Pension investment Board raised its stake in shares of Crescent Point Energy by 18.7% in the second quarter. Public Sector Pension investment Board now owns 1,328,760 shares of the oil and gas producer’s stock worth $10,150,000 after purchasing an additional 209,100 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Crescent Point Energy by 4.8% in the second quarter. Vanguard Group Inc. now owns 12,931,504 shares of the oil and gas producer’s stock worth $98,925,000 after purchasing an additional 592,496 shares during the last quarter. Hedge funds and other institutional investors own 39.68% of the company’s stock.

Crescent Point Energy Co. (CPG) opened at $9.01 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4,917.60, a P/E ratio of 28.16, a P/E/G ratio of 14.65 and a beta of 1.52. Crescent Point Energy Co. has a 12-month low of $6.42 and a 12-month high of $13.09.

Several brokerages have recently issued reports on CPG. Royal Bank of Canada restated a “hold” rating and issued a $14.00 price objective on shares of Crescent Point Energy in a research note on Monday, September 25th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a research report on Tuesday, September 26th. Desjardins cut Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine upgraded Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, UBS Group cut Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Crescent Point Energy currently has an average rating of “Hold” and a consensus target price of $13.17.

TRADEMARK VIOLATION WARNING: “Crescent Point Energy Co. (CPG) Shares Bought by Hexavest Inc.” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://sportsperspectives.com/2018/01/14/crescent-point-energy-co-cpg-shares-bought-by-hexavest-inc.html.

Crescent Point Energy 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.

Want to see what other hedge funds are holding CPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG).

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

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply