Crescent Point Energy Corp (CPG) Shares Bought by Van ECK Associates Corp

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Van ECK Associates Corp raised its holdings in Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,453 shares of the oil and gas producer’s stock after purchasing an additional 13,051 shares during the quarter. Van ECK Associates Corp’s holdings in Crescent Point Energy were worth $1,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPG. Toronto Dominion Bank boosted its holdings in shares of Crescent Point Energy by 372.8% during the 1st quarter. Toronto Dominion Bank now owns 2,337,157 shares of the oil and gas producer’s stock valued at $15,869,000 after acquiring an additional 1,842,797 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Crescent Point Energy by 34.4% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 6,100,704 shares of the oil and gas producer’s stock valued at $44,800,000 after acquiring an additional 1,561,376 shares in the last quarter. PCJ Investment Counsel Ltd. acquired a new stake in shares of Crescent Point Energy during the 1st quarter valued at $9,890,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Crescent Point Energy by 25.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,826,014 shares of the oil and gas producer’s stock valued at $42,783,000 after acquiring an additional 1,170,692 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Crescent Point Energy during the 1st quarter valued at $6,794,000. 39.06% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised Crescent Point Energy from a “strong sell” rating to a “sell” rating in a report on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.31.

NYSE CPG opened at $5.86 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.41 and a current ratio of 0.41. Crescent Point Energy Corp has a twelve month low of $5.06 and a twelve month high of $9.25. The firm has a market cap of $3.20 billion, a P/E ratio of 24.25 and a beta of 1.31.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its quarterly earnings data on Thursday, July 26th. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Crescent Point Energy had a positive return on equity of 1.80% and a negative net margin of 16.48%. The company had revenue of $718.68 million for the quarter, compared to the consensus estimate of $706.95 million. During the same quarter last year, the business posted $0.07 EPS. analysts forecast that Crescent Point Energy Corp will post -0.19 earnings per share for the current fiscal year.

Crescent Point Energy 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, and Utah.

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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 Corp (NYSE:CPG) (TSE:CPG).

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

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