Invesco Ltd. Has $357.92 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Key Points

• Invesco Ltd. increased its holdings in Coterra Energy Inc. by 1.2%, now owning 12,384,728 shares worth approximately $357.9 million.
• Wall Street analysts have mixed views on the stock, with price targets ranging from $28.00 to $37.00 and an average rating of "Moderate Buy."
• Coterra Energy announced a quarterly dividend of $0.22 per share, which reflects an annualized yield of 3.7% and a payout ratio of 42.11%.

Invesco Ltd. raised its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,384,728 shares of the company's stock after buying an additional 152,244 shares during the period. Invesco Ltd. owned 1.62% of Coterra Energy worth $357,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in 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 during the period. Raleigh Capital Management Inc. increased its stake in Coterra Energy by 463.5% in the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock valued at $26,000 after purchasing an additional 737 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Coterra Energy in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in Coterra Energy in the first quarter valued at approximately $34,000. Finally, Investors Research Corp increased its stake in Coterra Energy by 45.2% in the first 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. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 0.6%

Coterra Energy stock traded down $0.14 during mid-day trading on Thursday, reaching $24.09. The company's stock had a trading volume of 8,543,958 shares, compared to its average volume of 7,115,019. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.32 and a beta of 0.33. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The business's 50 day simple moving average is $25.01 and its 200 day simple moving average is $25.92. 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 (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business's revenue 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. As a group, 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 will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, August 14th. Coterra Energy's dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CTRA shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $33.00 target price (up previously from $32.00) on shares of Coterra Energy in a research note on Thursday. Scotiabank reaffirmed an "outperform" rating on shares of Coterra Energy in a research note on Friday, July 11th. Piper Sandler reaffirmed an "overweight" rating and issued a $39.00 target price (up previously from $37.00) on shares of Coterra Energy in a research note on Thursday. Mizuho lowered their target price on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group lowered their target price on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.37.

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.