Baader Bank Aktiengesellschaft Purchases New Stake in Coterra Energy Inc. (NYSE:CTRA)

Key Points

• Baader Bank Aktiengesellschaft has acquired **25,146 shares** of Coterra Energy Inc., valued at approximately **$726,000**, enhancing its position in the energy sector.
• Coterra Energy's stock is currently trading at **$24.31**, with a **market capitalization of $18.55 billion** and a P/E ratio of **14.13** as of the latest financial data.
• The company reported **$0.80 EPS** for the last quarter, exceeding forecasts, with a **32.9% increase** in quarterly revenue compared to the previous year.

Baader Bank Aktiengesellschaft purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,146 shares of the company's stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CTRA. Cornerstone Planning Group LLC lifted its position in shares of Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock worth $25,000 after purchasing an additional 555 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after buying an additional 737 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Coterra Energy during the 1st quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Coterra Energy in the 1st quarter valued at about $34,000. Finally, Investors Research Corp increased its position in shares of Coterra Energy by 45.2% in the first quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after acquiring an additional 408 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a research report on Tuesday, April 15th. Piper Sandler restated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Coterra Energy in a research report on Thursday, July 17th. Pickering Energy Partners cut Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Susquehanna dropped their price objective on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Scotiabank restated an "outperform" rating on shares of Coterra Energy in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $33.16.

Coterra Energy Trading Down 2.9%

Coterra Energy stock traded down $0.70 during mid-day trading on Friday, hitting $23.69. The company's stock had a trading volume of 6,985,328 shares, compared to its average volume of 6,408,514. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.90. The company has a 50 day moving average of $25.13 and a 200-day moving average of $26.21. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The stock has a market cap of $18.08 billion, a PE ratio of 13.77, a P/E/G ratio of 0.33 and a beta of 0.33.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The business had revenue of $924.00 million during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company's quarterly revenue was up 32.9% compared to the same quarter last year. On average, research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Coterra Energy's payout ratio is 51.16%.

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.