Charles Schwab Investment Management Inc. Has $731.31 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Coterra Energy by 7.8%, acquiring an additional 1,837,614 shares to hold a total of 25,304,940 shares, valued at approximately $731 million.
• Coterra Energy reported a quarterly earnings miss with an EPS of $0.48, missing estimates by $0.02, but its revenue rose 54.6% year-over-year to $1.97 billion.
• The company declared a $0.22 quarterly dividend, with a yield of 3.7%, and has a dividend payout ratio of 42.11%.

Charles Schwab Investment Management Inc. grew its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,304,940 shares of the company's stock after acquiring an additional 1,837,614 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.31% of Coterra Energy worth $731,313,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CTRA. Exencial Wealth Advisors LLC grew its position in Coterra Energy by 2.8% in the 1st quarter. Exencial Wealth Advisors LLC now owns 43,115 shares of the company's stock worth $1,246,000 after purchasing an additional 1,154 shares during the last quarter. Vanguard Group Inc. grew its position in Coterra Energy by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company's stock worth $2,668,559,000 after purchasing an additional 3,818,700 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Coterra Energy by 16.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 9,474 shares of the company's stock worth $274,000 after purchasing an additional 1,347 shares during the last quarter. Encompass More Asset Management bought a new position in Coterra Energy in the 1st quarter worth about $206,000. Finally, Ruffer LLP bought a new position in Coterra Energy in the 1st quarter worth about $6,812,000. Institutional investors own 87.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CTRA shares. Piper Sandler restated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Coterra Energy in a research report on Thursday, July 17th. Raymond James Financial set a $38.00 price objective on shares of Coterra Energy and gave the company an "outperform" rating in a report on Friday, June 13th. Pickering Energy Partners cut shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Mizuho decreased their price objective on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Barclays increased their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $33.16.

Coterra Energy Trading Down 0.6%

Shares of NYSE:CTRA traded down $0.13 during mid-day trading on Tuesday, hitting $23.83. The stock had a trading volume of 1,724,715 shares, compared to its average volume of 7,097,507. The company has a market cap of $18.18 billion, a PE ratio of 11.40, a P/E/G ratio of 0.32 and a beta of 0.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. The company's 50 day moving average is $25.05 and its 200-day moving average is $25.94. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.78 billion. During the same quarter in the prior year, the company posted $0.37 EPS. The firm's quarterly revenue was up 54.6% compared to the same quarter last year. On average, sell-side analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

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