Inscription Capital LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,016 shares of the company's stock, valued at approximately $363,000.
A number of other hedge funds and other institutional investors have also modified their holdings of CTRA. Investors Research Corp increased its holdings in Coterra Energy by 45.2% during the first 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. Plato Investment Management Ltd bought a new position in shares of Coterra Energy in the 4th quarter valued at about $43,000. Deseret Mutual Benefit Administrators increased its stake in shares of Coterra Energy by 33.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock worth $44,000 after purchasing an additional 429 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Coterra Energy in the 4th quarter valued at about $46,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Coterra Energy in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 87.92% of the company's stock.
Coterra Energy Stock Performance
NYSE CTRA opened at $26.74 on Thursday. The firm has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $26.35. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a market capitalization of $20.41 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.36 and a beta of 0.34. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.30.
Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.51 earnings per share. Analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.
Coterra Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.29%. Coterra Energy's payout ratio is 51.16%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CTRA shares. Susquehanna reduced their price target on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Mizuho cut their price objective on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Bank of America reduced their target price on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and increased their price target for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Finally, Raymond James Financial set a $38.00 price objective on shares of Coterra Energy and gave the stock an "outperform" rating in a research report on Friday, June 13th. Four 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.30.
Read Our Latest Stock Report on Coterra Energy
About Coterra Energy
(
Free Report)
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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