Deutsche Bank AG Has $112.76 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Key Points

• Deutsche Bank AG has reduced its stake in Coterra Energy Inc. by 35.8%, owning 3,901,775 shares after selling 2,173,654 shares in Q1.
• Coterra Energy reported earnings of $0.48 per share, missing analysts' estimates by $0.02, but its revenue rose 54.6% year-over-year to $1.97 billion.
• The company declared a quarterly dividend of $0.22 per share, yielding 3.7%, with a payout ratio of 42.11%.

Deutsche Bank AG cut its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,901,775 shares of the company's stock after selling 2,173,654 shares during the quarter. Deutsche Bank AG owned 0.51% of Coterra Energy worth $112,761,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CTRA. Cornerstone Planning Group LLC increased its position in shares of Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after buying an additional 555 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Coterra Energy by 463.5% in 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 Coterra Energy in the 1st quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in shares of Coterra Energy in the 1st quarter valued at about $34,000. Finally, Investors Research Corp lifted 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 purchasing an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Trading Down 0.6%

Shares of NYSE CTRA traded down $0.14 during mid-day trading on Thursday, hitting $24.09. 8,543,958 shares of the company traded hands, compared to its average volume of 7,115,019. The business has a 50 day moving average of $25.01 and a two-hundred day moving average of $25.92. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.32 and a beta of 0.33. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. 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 posted its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. On average, sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CTRA. Susquehanna reduced their price target on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating and issued a $33.00 price target (up from $32.00) on shares of Coterra Energy in a report on Thursday. Barclays boosted their price target on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Piper Sandler reiterated an "overweight" rating and issued a $39.00 price target (up from $37.00) on shares of Coterra Energy in a report on Thursday. Finally, Mizuho lowered their price target on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.37.

Coterra Energy Company 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.