Cerity Partners LLC raised its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,944 shares of the company's stock after acquiring an additional 20,476 shares during the quarter. Cerity Partners LLC's holdings in Coterra Energy were worth $10,923,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CTRA. Cornerstone Planning Group LLC raised its position in Coterra Energy by 175.6% during the 1st 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 last quarter. Raleigh Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 737 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Coterra Energy during the 1st quarter worth about $34,000. Investors Research Corp increased its position in 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 last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in Coterra Energy during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.92% of the company's stock.
Coterra Energy Trading Down 0.2%
CTRA traded down $0.05 during midday trading on Friday, reaching $24.41. 3,946,476 shares of the company were exchanged, compared to its average volume of 6,545,646. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.90. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The stock has a market capitalization of $18.63 billion, a P/E ratio of 14.18, a PEG ratio of 0.33 and a beta of 0.35. The stock's 50-day simple moving average is $25.28 and its 200 day simple moving average is $26.44.
Coterra Energy (NYSE:CTRA - Get Free Report) last released its 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 for 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 quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.
Coterra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's payout ratio is presently 51.16%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $31.00 price objective on shares of Coterra Energy in a research note on Tuesday, July 1st. Piper Sandler restated an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Coterra Energy in a research note on Thursday. Scotiabank restated an "outperform" rating on shares of Coterra Energy in a research note on Friday, July 11th. Barclays lifted their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Pickering Energy Partners lowered shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coterra Energy has an average rating of "Moderate Buy" and a consensus target price of $33.25.
Check Out Our Latest Research Report 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.
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