Jump Financial LLC Takes Position in Coterra Energy Inc. $CTRA

Key Points

• Jump Financial LLC has invested approximately $571,000 in Coterra Energy Inc., acquiring 19,767 shares during the first quarter.
• The stock currently has a consensus rating of "Moderate Buy" with a consensus price target of $33.61, according to analysts.
• Coterra Energy announced a quarterly dividend of $0.22, representing an annualized yield of 3.6%, with a payout ratio of 42.11%.

Jump Financial LLC acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,767 shares of the company's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in shares of Coterra Energy by 175.6% during the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after purchasing an additional 555 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after acquiring an additional 737 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Coterra Energy during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Coterra Energy during the 1st quarter worth approximately $34,000. Finally, Investors Research Corp raised its stake in shares of Coterra Energy by 45.2% during the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock worth $38,000 after acquiring an additional 408 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CTRA shares. Pickering Energy Partners lowered shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Piper Sandler boosted their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Raymond James Financial set a $38.00 price objective on shares of Coterra Energy and gave the stock an "outperform" rating in a research note on Friday, June 13th. Mizuho reduced their price objective 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, Barclays boosted their price objective 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. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Coterra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $33.61.

Coterra Energy Stock Performance

Shares of NYSE:CTRA traded down $0.48 on Friday, hitting $23.92. 1,378,032 shares of the company were exchanged, compared to its average volume of 6,937,938. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The stock's 50 day moving average price is $24.27 and its 200 day moving average price is $25.48. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $18.25 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.32 and a beta of 0.34.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company's quarterly revenue was up 54.6% on a year-over-year basis. Sell-side analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. Coterra Energy's dividend payout ratio is 42.11%.

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.