Gibraltar Capital Management Inc. Has $10.72 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Gibraltar Capital Management Inc. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,803 shares of the company's stock after selling 62,679 shares during the quarter. Coterra Energy makes up about 2.3% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its 9th largest holding. Gibraltar Capital Management Inc.'s holdings in Coterra Energy were worth $10,716,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CTRA. Raleigh Capital Management Inc. boosted its stake in Coterra Energy by 463.5% in the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock valued at $26,000 after acquiring an additional 737 shares during the period. Wayfinding Financial LLC acquired a new position in Coterra Energy in the first quarter valued at approximately $34,000. Investors Research Corp boosted its stake in Coterra Energy by 45.2% in the first quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after acquiring an additional 408 shares during the period. VSM Wealth Advisory LLC acquired a new position in Coterra Energy in the fourth quarter valued at approximately $46,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Coterra Energy in the first quarter valued at approximately $46,000. Institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Up 1.4%

Shares of NYSE CTRA traded up $0.35 during mid-day trading on Tuesday, reaching $25.17. The company had a trading volume of 7,840,520 shares, compared to its average volume of 6,526,308. The stock has a fifty day moving average of $25.17 and a two-hundred day moving average of $26.44. 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 capitalization of $19.21 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.35 and a beta of 0.35. 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 posted its quarterly earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The business had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Coterra Energy's revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities research analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is presently 51.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CTRA shares. UBS Group decreased 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. Bank of America reduced their price objective on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley set a $28.00 price objective on Coterra Energy in a research report on Tuesday, April 15th. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. Finally, Barclays boosted their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coterra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.10.

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.