Natixis Advisors LLC Purchases 16,319 Shares of Coterra Energy Inc. (NYSE:CTRA)

Key Points

• Natixis Advisors LLC increased its holdings in Coterra Energy by 4.1%, acquiring an additional 16,319 shares, bringing its total ownership to approximately 0.05% of the company valued at $11.99 million.
• Coterra Energy reported $0.80 earnings per share for the latest quarter, exceeding analysts' expectations of $0.71, while its revenue increased by 32.9% year-over-year.
• Analysts' consensus ratings for Coterra Energy are predominantly positive, with a consensus target price of $33.16, indicating a market sentiment leaning toward a "Moderate Buy".

Natixis Advisors LLC grew its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,152 shares of the company's stock after purchasing an additional 16,319 shares during the period. Natixis Advisors LLC owned approximately 0.05% of Coterra Energy worth $11,998,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CTRA. Victory Capital Management Inc. increased its stake in Coterra Energy by 5.7% in the 1st quarter. Victory Capital Management Inc. now owns 18,828,688 shares of the company's stock valued at $544,149,000 after buying an additional 1,019,995 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Coterra Energy by 9.0% in the 4th quarter. Invesco Ltd. now owns 12,232,484 shares of the company's stock valued at $312,418,000 after acquiring an additional 1,011,166 shares in the last quarter. Northern Trust Corp increased its position in shares of Coterra Energy by 7.0% in the fourth quarter. Northern Trust Corp now owns 8,777,764 shares of the company's stock valued at $224,184,000 after acquiring an additional 571,193 shares during the last quarter. Deutsche Bank AG increased its position in shares of Coterra Energy by 13.7% in the fourth quarter. Deutsche Bank AG now owns 6,075,429 shares of the company's stock valued at $155,166,000 after acquiring an additional 732,928 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Coterra Energy by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 5,281,168 shares of the company's stock worth $152,626,000 after acquiring an additional 337,902 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Performance

NYSE:CTRA opened at $23.69 on Monday. The stock has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $26.16. The stock has a market cap of $18.08 billion, a P/E ratio of 13.77, a PEG ratio of 0.32 and a beta of 0.33. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. 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 (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The company had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The company's revenue was up 32.9% on a year-over-year basis. Research analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CTRA has been the subject of a number of analyst reports. Mizuho decreased their price target on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Piper Sandler reissued an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Coterra Energy in a report on Thursday, July 17th. Wells Fargo & Company lowered their target price on shares of Coterra Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Scotiabank reaffirmed an "outperform" rating on shares of Coterra Energy in a research report on Friday, July 11th. Finally, Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a research report on Tuesday, April 15th. Four investment 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, Coterra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.16.

About Coterra Energy

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.

Want to see what other hedge funds are holding CTRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coterra Energy Inc. (NYSE:CTRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.