Czech National Bank Has $4.74 Million Position in Coterra Energy Inc. $CTRA

Key Points

• The Czech National Bank increased its position in Coterra Energy Inc. by 10.3% in Q2, owning 186,568 shares valued at approximately $4.74 million.
• Coterra Energy reported a $0.48 EPS for the last quarter, slightly missing the expected $0.50, while revenue was up 54.6% year-over-year.
• The company announced a quarterly dividend of $0.22 per share, yielding 3.7%, with a payout ratio of 42.11%.

Czech National Bank boosted its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,568 shares of the company's stock after purchasing an additional 17,418 shares during the period. Czech National Bank's holdings in Coterra Energy were worth $4,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CTRA. Janus Henderson Group PLC increased its holdings in Coterra Energy by 2.3% in the 4th quarter. Janus Henderson Group PLC now owns 75,678 shares of the company's stock worth $1,933,000 after purchasing an additional 1,688 shares in the last quarter. State of Wyoming raised its position in shares of Coterra Energy by 406.8% in the 4th quarter. State of Wyoming now owns 14,079 shares of the company's stock worth $360,000 after acquiring an additional 11,301 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Coterra Energy in the 4th quarter worth about $208,000. Vident Advisory LLC raised its position in shares of Coterra Energy by 9.1% in the 4th quarter. Vident Advisory LLC now owns 18,565 shares of the company's stock worth $474,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in Coterra Energy by 3.3% in the 4th quarter. Waverly Advisors LLC now owns 143,626 shares of the company's stock valued at $3,668,000 after buying an additional 4,589 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $24.09 on Friday. The stock has a fifty day moving average of $24.08 and a 200-day moving average of $25.25. The stock has a market cap of $18.38 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.34 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy Inc. has a fifty-two week low of $22.46 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The firm's revenue for the quarter was up 54.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Equities research analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. Coterra Energy's payout ratio is presently 42.11%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays boosted their target price on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, July 1st. Mizuho decreased their target price on Coterra Energy from $36.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday. Scotiabank reaffirmed an "outperform" rating on shares of Coterra Energy in a research report on Friday, July 11th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $34.00 price target (down previously from $38.00) on shares of Coterra Energy in a research note on Thursday, September 11th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.