Vontobel Holding Ltd. Invests $472,000 in Crescent Point Energy Corp. (NYSE:CPG)

Vontobel Holding Ltd. bought a new position in shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 68,000 shares of the oil and gas producer’s stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPG. Ninepoint Partners LP raised its position in shares of Crescent Point Energy by 100.0% during the 3rd quarter. Ninepoint Partners LP now owns 16,000,000 shares of the oil and gas producer’s stock worth $132,800,000 after acquiring an additional 8,000,000 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of Crescent Point Energy during the 4th quarter worth about $3,092,000. American Century Companies Inc. raised its position in shares of Crescent Point Energy by 12.1% during the 3rd quarter. American Century Companies Inc. now owns 3,585,348 shares of the oil and gas producer’s stock worth $29,723,000 after acquiring an additional 387,650 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Crescent Point Energy during the 3rd quarter worth about $2,883,000. Finally, Trexquant Investment LP purchased a new position in Crescent Point Energy during the 3rd quarter worth approximately $2,135,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Crescent Point Energy Stock Performance

NYSE:CPG opened at $8.69 on Tuesday. The stock’s 50 day moving average price is $7.83 and its 200 day moving average price is $7.34. The company has a market capitalization of $5.38 billion, a PE ratio of 12.41 and a beta of 2.23. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. Crescent Point Energy Corp. has a 52-week low of $6.03 and a 52-week high of $9.07.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). The firm had revenue of $743.70 million for the quarter, compared to analysts’ expectations of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. On average, research analysts anticipate that Crescent Point Energy Corp. will post 1.17 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.086 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Thursday, March 14th. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s dividend payout ratio (DPR) is currently 48.57%.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.