DSG Capital Advisors LLC Buys 59,310 Shares of Coterra Energy Inc. (NYSE:CTRA)

DSG Capital Advisors LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 470.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,920 shares of the company's stock after purchasing an additional 59,310 shares during the period. DSG Capital Advisors LLC's holdings in Coterra Energy were worth $2,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Coterra Energy by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 72,528,767 shares of the company's stock valued at $1,852,385,000 after buying an additional 1,318,754 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Coterra Energy by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock valued at $599,356,000 after buying an additional 1,310,965 shares during the period. Geode Capital Management LLC increased its stake in shares of Coterra Energy by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock valued at $486,528,000 after buying an additional 96,059 shares during the period. Victory Capital Management Inc. increased its stake in shares of Coterra Energy by 5.0% in the 4th quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company's stock valued at $454,834,000 after buying an additional 845,609 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Coterra Energy by 9.0% in the 4th quarter. Invesco Ltd. now owns 12,232,484 shares of the company's stock valued at $312,418,000 after buying an additional 1,011,166 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTRA has been the subject of several research reports. Raymond James Financial set a $38.00 target price on Coterra Energy and gave the company an "outperform" rating in a research note on Friday, June 13th. Susquehanna lowered their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. UBS Group lowered their target price on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Scotiabank decreased their price objective on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Bank of America decreased their price objective on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coterra Energy presently has an average rating of "Moderate Buy" and an average price target of $33.00.

Coterra Energy Trading Up 0.7%

CTRA stock traded up $0.18 during midday trading on Thursday, hitting $25.21. 3,490,967 shares of the company's stock were exchanged, compared to its average volume of 7,178,318. The stock's fifty day moving average price is $25.21 and its 200-day moving average price is $26.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.90. The company has a market cap of $19.24 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.34 and a beta of 0.35. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.09. The firm had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The company's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Research analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued 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 (DPR) is 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.