SCHEDULE 13G: Bank of New York Mellon Discloses 5% Stake in Crescent Energy Co Class A Common Stock

The Bank of New York Mellon Corporation has filed a Schedule 13G, reporting beneficial ownership of 5.0% of Crescent Energy Co's Class A Common Stock as of December 31, 2024.

Summary

• The Bank of New York Mellon Corporation (BNY Mellon) reported beneficial ownership of 9,261,876 shares of Crescent Energy Co's Class A Common Stock.
• This aggregate amount represents 5.0% of the Class A Common Stock outstanding.
• BNY Mellon holds sole voting power over 8,453,372 shares and shared voting power over 0 shares.
• The institution holds sole dispositive power over 4,301,094 shares and shared dispositive power over 4,960,782 shares.
• The shares are beneficially owned by BNY Mellon and its direct or indirect subsidiaries in their various fiduciary capacities.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Crescent Energy Co.

Sentiment

Score: 6

Explanation: The document is a factual disclosure of a passive ownership stake. While neutral in tone, a significant institutional holding can be interpreted as a positive signal of confidence and liquidity for the issuer's stock.

Positives

• The disclosure of a 5.0% stake by a major financial institution like The Bank of New York Mellon Corporation can signal institutional confidence in Crescent Energy Co.
• The holding is stated to be in the ordinary course of business, indicating a passive investment rather than an activist stance.

Negatives

• NA

Risks

• The filing explicitly states that BNY Mellon's beneficial ownership is in various fiduciary capacities, meaning another entity is entitled to dividends or proceeds of sale, and no single other person's interest exceeds 5%. This indicates a dispersed beneficial interest rather than a concentrated strategic holding by BNY Mellon itself.

Future Outlook

This Schedule 13G filing is a disclosure of current ownership and does not contain forward-looking statements or guidance regarding Crescent Energy Co's future performance or outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Signed by Andrew Weiser, Attorney-In-Fact for Bank of New York Mellon Corp)

Industry Context

Schedule 13G filings are mandatory disclosures by institutional investors who acquire more than 5% of a company's voting stock, but do so passively, without the intent to influence or control the issuer. This filing indicates that a significant financial institution, The Bank of New York Mellon Corporation, holds a substantial passive stake in Crescent Energy Co, reflecting its role as a major custodian and asset manager for various clients.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holding by BNY Mellon may enhance market confidence and liquidity for Crescent Energy Co's stock, as it indicates substantial institutional interest.

Key Dates

Keywords

Crescent Energy Co, Bank of New York Mellon, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Equity Stake