Coterra Energy Inc. (NYSE:CTRA) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 43.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,089 shares of the company's stock after selling 86,575 shares during the period. New Age Alpha Advisors LLC's holdings in Coterra Energy were worth $3,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock worth $25,000 after buying an additional 555 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after buying an additional 737 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Coterra Energy during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in shares of Coterra Energy during the 1st quarter worth $34,000. Finally, Investors Research Corp increased its holdings in shares of 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 buying an additional 408 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. UBS Group decreased their price target on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Mizuho decreased their price target on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Raymond James Financial set a $38.00 price target on shares of Coterra Energy and gave the stock an "outperform" rating in a research report on Friday, June 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Coterra Energy in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.16.

Coterra Energy Stock Performance

NYSE:CTRA opened at $24.28 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. The firm has a 50-day moving average of $25.11 and a two-hundred day moving average of $26.11. The stock has a market cap of $18.53 billion, a P/E ratio of 11.62, a PEG ratio of 0.32 and a beta of 0.33. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 11.22%. The business's revenue for the quarter was up 54.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, August 14th. Coterra Energy's dividend payout ratio is 51.16%.

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.

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