The $402M sale by Liberty Mutual Foundation is a block trade by a large holder, not a signal of deteriorating fundamentals given the strong Q1 beat. Monitor for any additional insider selling in the coming weeks; if no further sales materialize, the overhang is likely cleared.
Price Chart
Executive Summary
Two insiders sold a total of $402.5M in CRGY stock over the past week, including a massive $402M sale by 10% owner Liberty Mutual Foundation Inc. at $12.33/share. This follows a strong Q1 earnings beat (record production, EPS 121% above consensus) and a $690M convertible refinancing, suggesting the selling is likely a portfolio rebalancing by a large holder rather than a negative signal on fundamentals.
Key Financial Metrics
Key Facts
- Liberty Mutual Foundation Inc. (10% owner) sold 32.6M shares for $402M on May 7, 2026 at $12.33/share
- Director Marcus Rowland sold 40K shares for $530K on May 6, 2026 at $13.25/share
- Total insider selling of $402.5M represents ~9.8% of CRGY's $4.1B market cap
- Q1 2026 earnings reported May 4 showed record production of 341 MBoed, revenue up 24.5% YoY, and adjusted EPS of $0.53 vs $0.24 consensus
- Company completed a $690M convertible bond refinancing that lowered interest expense
Financial Impact
Total insider selling of $402.5M, or ~9.8% of market cap, dominated by a single 10% owner sale
Risk Factors
- Further selling by remaining large holders could create near-term overhang
- Oil and natural gas price volatility could impact future earnings despite strong production
- The $690M convertible refinancing adds debt, though at lower interest cost
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRGY-1778529953926 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $13.50 | awaiting T+60 | — | $13.66 (+1.22%) |
Oct 15, 2026 11d ago | 8-K | $13.77 | awaiting T+60 | — | $13.66 (−0.76%) |
Oct 13, 2026 13d ago | SC 13D/A | $12.85 | awaiting T+60 | — | $13.66 (+6.34%) |
Oct 9, 2026 17d ago | 8-K | $12.78 | awaiting T+60 | — | $13.66 (−6.92%) |
Oct 8, 2026 18d ago | SC 13G | $13.01 | awaiting T+60 | — | $13.66 (+5.03%) |
Oct 8, 2026 19d ago | S-3ASR | $13.01 | awaiting T+60 | — | $13.66 (+5.03%) |
Oct 8, 2026 19d ago | 8-K | $13.01 | awaiting T+60 | — | $13.66 (+5.03%) |
Jun 12, 2026 19w ago | Institutional Cluster | $11.58 $14.19 | ▲ +22.54% | ▲ +19.27% | $13.66 (+18.01%) |
Jun 11, 2026 19w ago | Institutional Cluster | $11.48 $13.77 | ▲ +19.95% | ▲ +15.55% | $13.66 (+19.03%) |
May 22, 2026 22w ago | 8-K | $12.43 $13.43 | ▲ +8.05% | ▲ +5.32% | $13.66 (+9.94%) |
US Market Status
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