Range Financial Group LLC Purchases 11,933 Shares of Coterra Energy Inc. (NYSE:CTRA)

Range Financial Group LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 24.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,545 shares of the company's stock after acquiring an additional 11,933 shares during the period. Range Financial Group LLC's holdings in Coterra Energy were worth $1,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA raised its stake in shares of Coterra Energy by 20.0% in the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock valued at $55,000 after acquiring an additional 356 shares in the last quarter. Investors Research Corp raised its stake in shares of Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after acquiring an additional 408 shares in the last quarter. New York Life Investment Management LLC raised its stake in shares of Coterra Energy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock valued at $2,543,000 after acquiring an additional 421 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Coterra Energy by 33.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock valued at $44,000 after acquiring an additional 429 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Coterra Energy by 3.5% in the 4th quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company's stock valued at $336,000 after acquiring an additional 440 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Coterra Energy Price Performance

CTRA stock traded up $0.35 during trading on Thursday, hitting $26.13. The company had a trading volume of 6,033,909 shares, compared to its average volume of 6,440,950. The company has a fifty day moving average price of $24.92 and a two-hundred day moving average price of $26.36. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.94 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.59 and a beta of 0.34. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The business 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 9.38% and a net margin of 21.91%. Coterra Energy's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.37%. Coterra Energy's payout ratio is 51.16%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on CTRA shares. Wells Fargo & Company raised their target price on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Susquehanna lowered their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Pickering Energy Partners lowered Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Scotiabank lowered their target price on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group raised their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.50.

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.