Caxton Associates LLP Makes New $1.82 Million Investment in Coterra Energy Inc. $CTRA

Key Points

• Caxton Associates LLP invested approximately $1.82 million in Coterra Energy Inc. by acquiring 63,117 shares in the first quarter, according to a recent SEC filing.
• Analysts have mixed ratings for Coterra Energy, with a consensus target price of $33.61, indicating a generally favorable outlook despite some downgrades.
• Coterra Energy reported a 54.6% increase in revenue year-over-year, totaling $1.97 billion, although it missed earnings estimates with $0.48 EPS.

Caxton Associates LLP acquired a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,117 shares of the company's stock, valued at approximately $1,824,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in 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 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 in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Coterra Energy during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Coterra Energy during the first quarter valued at approximately $34,000. Finally, Investors Research Corp increased 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 in the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CTRA shares. Raymond James Financial set a $38.00 target price on shares of Coterra Energy and gave the company an "outperform" rating in a research note on Friday, June 13th. Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Piper Sandler raised their target price on shares of Coterra Energy from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Scotiabank reissued an "outperform" rating on shares of Coterra Energy in a research report on Friday, July 11th. Finally, 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. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.61.

Coterra Energy Trading Down 0.6%

Shares of CTRA stock opened at $23.83 on Tuesday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm's 50 day moving average is $24.21 and its 200 day moving average is $25.38. The stock has a market capitalization of $18.18 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.32 and a beta of 0.34.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.78 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company's revenue for the quarter was up 54.6% compared to the same quarter last year. Research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, August 14th. Coterra Energy's dividend payout ratio (DPR) is currently 42.11%.

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.

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