18,374 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Banco Santander S.A.

Banco Santander S.A. bought a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,374 shares of the company's stock, valued at approximately $531,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Coterra Energy by 175.6% during the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after buying an additional 555 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Coterra Energy by 463.5% during the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock valued at $26,000 after buying an additional 737 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Coterra Energy during the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Coterra Energy during the first quarter valued at about $34,000. Finally, Investors Research Corp raised its holdings in Coterra Energy by 45.2% during the first quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after buying an additional 408 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Up 1.2%

CTRA stock opened at $23.99 on Tuesday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company has a market cap of $18.31 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.32 and a beta of 0.33. The business's 50-day simple moving average is $25.12 and its 200 day simple moving average is $26.12. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.30.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the business earned $0.37 earnings per share. The firm's quarterly revenue was up 54.6% compared to the same quarter last year. On average, research analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Coterra Energy's payout ratio is 51.16%.

Analyst Upgrades and Downgrades

CTRA has been the topic of several recent research reports. Susquehanna cut their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley set a $28.00 target price on Coterra Energy in a report on Tuesday, April 15th. Raymond James Financial set a $38.00 price objective on Coterra Energy and gave the stock an "outperform" rating in a research note on Friday, June 13th. Piper Sandler reiterated an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Coterra Energy in a research note on Thursday, July 17th. Finally, Barclays lifted their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.16.

Coterra Energy Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.

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