Coterra Energy Inc. $CTRA Stock Holdings Increased by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in Coterra Energy by 11.1%, acquiring 16,554 additional shares, bringing their total to 165,613 shares, valued at approximately $4.79 million.
• Coterra Energy reported earnings of $0.48 per share for the latest quarter, which was below analysts' expectations, although revenue reached $1.97 billion, surpassing estimates.
• The company recently declared a quarterly dividend of $0.22 per share, resulting in an annual yield of 3.7% with a payout ratio of 42.11%.

Ashton Thomas Private Wealth LLC boosted its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 11.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,613 shares of the company's stock after purchasing an additional 16,554 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Coterra Energy were worth $4,786,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Coterra Energy by 12.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,740,430 shares of the company's stock valued at $136,998,000 after purchasing an additional 536,167 shares in the last quarter. Coordinated Financial Services Inc. CO purchased a new position in Coterra Energy in the 1st quarter valued at approximately $217,000. Scientech Research LLC purchased a new position in Coterra Energy in the 1st quarter valued at approximately $660,000. Pingora Partners LLC increased its stake in Coterra Energy by 0.8% in the 1st quarter. Pingora Partners LLC now owns 139,041 shares of the company's stock valued at $4,018,000 after purchasing an additional 1,124 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new position in Coterra Energy in the 1st quarter valued at approximately $14,614,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTRA has been the subject of several recent research reports. Raymond James Financial reissued an "outperform" rating and set a $34.00 price target (down previously from $38.00) on shares of Coterra Energy in a research report on Thursday. Piper Sandler raised their price target on Coterra Energy from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Barclays raised their price target on Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Pickering Energy Partners downgraded Coterra Energy from an "outperform" rating to a "neutral" rating in a research report on Tuesday, May 20th. Finally, Scotiabank reissued an "outperform" rating on shares of Coterra Energy in a research report on Friday, July 11th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.39.

Coterra Energy Trading Down 0.0%

Coterra Energy stock traded down $0.01 during midday trading on Friday, reaching $24.36. The stock had a trading volume of 4,146,724 shares, compared to its average volume of 5,107,425. Coterra Energy Inc. has a twelve month low of $22.46 and a twelve month high of $29.95. The stock has a market capitalization of $18.59 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.34 and a beta of 0.34. 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 stock's 50-day simple moving average is $24.14 and its 200 day simple moving average is $25.31.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.48 earnings per share 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 firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $0.37 EPS. Coterra Energy's revenue was up 54.6% compared to the same quarter last year. Analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.22 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.6%. Coterra Energy's dividend payout ratio (DPR) is presently 42.11%.

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.