19,474 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,474 shares of the company's stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRA. Donald L. Hagan LLC grew its holdings in shares of Coterra Energy by 1.1% during the 1st quarter. Donald L. Hagan LLC now owns 35,754 shares of the company's stock valued at $1,033,000 after purchasing an additional 401 shares during the last quarter. Investors Research Corp boosted its position in Coterra Energy by 45.2% during 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. Saxon Interests Inc. boosted its position in Coterra Energy by 5.1% during the 1st quarter. Saxon Interests Inc. now owns 9,319 shares of the company's stock valued at $269,000 after acquiring an additional 451 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Coterra Energy by 3.2% during the 1st quarter. Tectonic Advisors LLC now owns 14,834 shares of the company's stock worth $429,000 after acquiring an additional 459 shares during the period. Finally, Procyon Advisors LLC raised its position in shares of Coterra Energy by 3.6% in the 1st quarter. Procyon Advisors LLC now owns 13,460 shares of the company's stock worth $389,000 after acquiring an additional 469 shares in the last quarter. Institutional investors own 87.92% of the company's stock.

Coterra Energy Trading Down 0.3%

NYSE CTRA traded down $0.07 on Friday, reaching $24.38. 7,663,488 shares of the company were exchanged, compared to its average volume of 6,571,755. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business's fifty day moving average price is $25.30 and its 200 day moving average price is $26.43. The stock has a market capitalization of $18.61 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.34 and a beta of 0.35.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The firm's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is 51.16%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTRA. Mizuho lowered their price objective on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. The Goldman Sachs Group reissued a "neutral" rating and issued a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, July 1st. UBS Group lowered their target price on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Barclays lifted their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Pickering Energy Partners cut shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $33.16.

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.