Cambridge Investment Research Advisors Inc. Has $2.81 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Cambridge Investment Research Advisors Inc. reduced its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,299 shares of the company's stock after selling 10,747 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Coterra Energy were worth $2,812,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Investors Research Corp raised its position 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 worth $38,000 after purchasing an additional 408 shares during the period. Plato Investment Management Ltd acquired a new position in Coterra Energy in the 4th quarter worth about $43,000. VSM Wealth Advisory LLC purchased a new stake in shares of Coterra Energy during the 4th quarter worth about $46,000. Nemes Rush Group LLC acquired a new stake in shares of Coterra Energy during the 4th quarter valued at about $48,000. Finally, Optiver Holding B.V. bought a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $50,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CTRA shares. Raymond James Financial set a $38.00 price objective on shares of Coterra Energy and gave the company an "outperform" rating in a research report on Friday, June 13th. Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Susquehanna reduced their price objective on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Coterra Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a report on Tuesday. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coterra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Coterra Energy Stock Performance

Coterra Energy stock traded up $0.16 during mid-day trading on Friday, reaching $25.19. The company had a trading volume of 3,494,277 shares, compared to its average volume of 6,514,172. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.30. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.34 and a beta of 0.35. The company has a 50 day moving average of $25.20 and a 200-day moving average of $26.40. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the business earned $0.51 earnings per share. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. On average, sell-side analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.22 dividend. 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 3.49%. Coterra Energy's dividend payout ratio is currently 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.