Bank Julius Baer & Co. Ltd Zurich Takes Position in Coterra Energy Inc. (NYSE:CTRA)

Bank Julius Baer & Co. Ltd Zurich bought a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,534 shares of the company's stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also bought and sold shares of CTRA. Cornerstone Planning Group LLC raised its stake 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 buying an additional 555 shares during the period. Raleigh Capital Management Inc. increased its stake in Coterra Energy by 463.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after acquiring an additional 737 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Coterra Energy in the 1st quarter worth approximately $34,000. Investors Research Corp increased its stake in Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock worth $38,000 after acquiring an additional 408 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Coterra Energy in the 1st quarter worth approximately $46,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Price Performance

NYSE CTRA traded up $0.08 during trading hours on Monday, hitting $23.71. 1,133,339 shares of the company's stock traded hands, compared to its average volume of 7,067,181. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. The company has a market capitalization of $18.09 billion, a PE ratio of 13.81, a PEG ratio of 0.32 and a beta of 0.35. The firm's 50-day moving average is $25.18 and its 200-day moving average is $26.33.

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. The firm had revenue of $924.00 million during the quarter, compared to analysts' expectations of $1.92 billion. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The business's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Equities analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.71%. Coterra Energy's dividend payout ratio (DPR) is 51.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Coterra Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, June 16th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, July 1st. Raymond James Financial set a $38.00 price target on Coterra Energy and gave the stock an "outperform" rating in a research report on Friday, June 13th. Morgan Stanley set a $28.00 price target on Coterra Energy in a research report on Tuesday, April 15th. Finally, Pickering Energy Partners lowered Coterra Energy from an "outperform" rating to a "neutral" rating in a research report on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.16.

Coterra Energy Company 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.