Coterra Energy Inc. (NYSE:CTRA) Position Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,565 shares of the company's stock after purchasing an additional 49,525 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Coterra Energy worth $15,044,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Investors Research Corp raised its holdings in Coterra Energy by 45.2% during the 1st 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. Plato Investment Management Ltd acquired a new stake in Coterra Energy during the fourth quarter worth approximately $43,000. VSM Wealth Advisory LLC acquired a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $46,000. Alpine Bank Wealth Management bought a new position in Coterra Energy in the 1st quarter valued at about $47,000. Finally, Nemes Rush Group LLC acquired a new position in Coterra Energy during the fourth quarter worth about $48,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Performance

Shares of CTRA stock traded down $0.21 during trading hours on Monday, reaching $25.40. 5,878,054 shares of the company's stock were exchanged, compared to its average volume of 6,485,880. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company's 50 day moving average is $25.20 and its two-hundred day moving average is $26.41. The company has a market cap of $19.39 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.35 and a beta of 0.34.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates 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%. Coterra Energy's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, May 15th. Coterra Energy's dividend payout ratio is currently 51.16%.

Analyst Upgrades and Downgrades

CTRA has been the topic of several research reports. Pickering Energy Partners lowered shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Bank of America decreased their target price on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Susquehanna cut their target price on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and lifted their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, March 12th. Finally, UBS Group lowered their price objective on Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.30.

About Coterra Energy

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.