<div id="readability-page-1"><p>Wellington Management Group LLP lowered its position in  Crescent Energy (NYSE:CRGY - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,034,189 shares of the company's stock after selling 963,260 shares during the quarter. Wellington Management Group LLP owned approximately 0.40% of Crescent Energy worth $15,110,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Crescent Energy</strong> alerts:</span></p></div><ul><li>3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside</li></ul><p>Several other institutional investors and hedge funds have also recently bought and sold shares of CRGY. Vanguard Group Inc. raised its stake in  Crescent Energy by 26.4% during the 4th quarter. Vanguard Group Inc. now owns 20,749,509 shares of the company's stock valued at $303,150,000 after acquiring an additional 4,332,831 shares during the last quarter.  Jennison Associates LLC raised its holdings in  Crescent Energy by 234.4% during the fourth quarter. Jennison Associates LLC now owns 4,785,326 shares of the company's stock worth $69,914,000 after purchasing an additional 3,354,362 shares in the last quarter.  Bank of New York Mellon Corp raised its holdings in  Crescent Energy by 55.5% during the fourth quarter. Bank of New York Mellon Corp now owns 9,261,876 shares of the company's stock worth $135,316,000 after purchasing an additional 3,305,833 shares in the last quarter.  ArrowMark Colorado Holdings LLC purchased a new position in  Crescent Energy during the fourth quarter worth about $36,593,000.  Finally, Adage Capital Partners GP L.L.C. raised its holdings in  Crescent Energy by 6,700.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,700,000 shares of the company's stock worth $24,837,000 after purchasing an additional 1,675,000 shares in the last quarter. Hedge funds and other institutional investors own  52.11% of the company's stock. </p><h2>Insider Activity at Crescent Energy</h2><p>In other news, Director Michael Duginski bought 20,000 shares of Crescent Energy stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $10.57 per share, with a total value of $211,400.00. Following the completion of the transaction, the director now owns 259,607 shares in the company, valued at approximately $2,744,045.99. This trade represents a 8.35% increase in their position. The purchase was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $9.91, for a total value of $29,221,844.93. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 24,932 shares of company stock worth $263,219. 13.20% of the stock is currently owned by corporate insiders. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>At these prices, the only way these stocks can move is up </li></ul><p>A number of equities analysts have recently issued reports on CRGY shares. Stephens  reissued an &#34;overweight&#34; rating and set a $17.00 target price on shares of Crescent Energy in a research note on Monday, March 3rd. Mizuho cut their price objective on Crescent Energy from $13.00 to $12.00 and set a &#34;neutral&#34; rating for the company in a research report on Tuesday, May 13th. KeyCorp cut their price objective on Crescent Energy from $18.00 to $14.00 and set an &#34;overweight&#34; rating for the company in a research report on Monday, April 21st. Citigroup downgraded shares of Crescent Energy to a &#34;reduce&#34; rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase &amp; Co. cut their price target on shares of Crescent Energy from $18.00 to $12.00 and set a &#34;neutral&#34; rating for the company in a report on Thursday, March 13th. One equities research analyst  has rated the stock with a sell rating, two have issued  a hold rating, eight have assigned  a buy rating and one  has issued  a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $16.30.</p><p><b>Read Our Latest Stock Analysis on Crescent Energy</b></p><h2>Crescent Energy Stock Down 3.6%</h2><p>Shares of NYSE:CRGY opened at $8.39 on Monday. The stock's 50-day moving average price is $8.77 and its two-hundred day moving average price is $12.28. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. Crescent Energy has a 12-month low of $6.83 and a 12-month high of $16.94. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 13.53 and a beta of 1.86. </p><p>Crescent Energy (NYSE:CRGY - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.09. The company had revenue of $950.17 million for the quarter, compared to analyst estimates of $937.55 million. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%.  On average, research analysts forecast that  Crescent Energy will post 0.77 EPS for the current year. </p><h2>Crescent Energy Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.48 annualized dividend and a dividend yield of 5.72%. Crescent Energy's payout ratio is -106.67%. </p><h2>About Crescent Energy</h2> (Free Report)<p>Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Crescent Energy</li><li>Why Are These Companies Considered Blue Chips?</li><li>Apple’s Quiet HomePad Delay Could Be Its Loudest Move Yet</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>e.l.f. Gets Back on the Shelf! It’s Not Too Late to Buy In!</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Near 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a Look</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSR1k?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSR1k"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Crescent Energy Right Now?</h2><p>Before you consider Crescent Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list.</p><p>While Crescent Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CRGY

<p>Wellington Management Group LLP reduced its stake in Crescent Energy (NYSE:CRGY) by 48.2% in Q4, now holding 1,034,189 shares valued at $15.11 million. Other institutional investors, including Vanguard and Jennison Associates, increased their holdings. Insider trading included a purchase by Director Michael Duginski and a sale by major shareholder Energy Aggregator Independence. Analysts have mixed ratings on CRGY, with a consensus rating of "Moderate Buy" and an average target price of $16.30. The stock is currently down 3.6%, trading at $8.39.</p>

Wellington Management Group LLP Trims Stock Holdings in Crescent Energy (NYSE:CRGY)