Boston Partners acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,887 shares of the company's stock, valued at approximately $661,000.
Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in shares of 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 purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of 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 purchasing an additional 737 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Coterra Energy during the first quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Coterra Energy during the first quarter valued at approximately $34,000. Finally, Investors Research Corp raised its stake in shares of 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 purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 87.92% of the company's stock.
Coterra Energy Stock Performance
CTRA stock traded up $0.3760 during mid-day trading on Friday, reaching $23.8160. The company had a trading volume of 2,162,372 shares, compared to its average volume of 7,041,451. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $18.17 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.31 and a beta of 0.33. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The stock's 50-day simple moving average is $24.75 and its two-hundred day simple moving average is $25.73.
Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business's quarterly revenue was up 54.6% compared to the same quarter last year. 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 will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, August 14th. Coterra Energy's payout ratio is currently 42.11%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $31.00 price target on shares of Coterra Energy in a research report on Tuesday, July 1st. Barclays raised their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Wells Fargo & Company raised their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Raymond James Financial set a $38.00 price target on shares of Coterra Energy and gave the stock an "outperform" rating in a research report on Friday, June 13th. Finally, Bank of America decreased their price target on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.37.
View Our Latest Stock Analysis on Coterra Energy
About Coterra Energy
(
Free Report)
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.
Read More
Before you consider Coterra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coterra Energy wasn't on the list.
While Coterra Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access