OneDigital Investment Advisors LLC purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,940 shares of the company's stock, valued at approximately $316,000.
Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in Coterra Energy by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 72,528,767 shares of the company's stock worth $1,852,385,000 after buying an additional 1,318,754 shares during the period. Geode Capital Management LLC lifted its holdings in Coterra Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock worth $486,528,000 after buying an additional 96,059 shares during the period. Invesco Ltd. lifted its holdings in Coterra Energy by 9.0% in the fourth quarter. Invesco Ltd. now owns 12,232,484 shares of the company's stock worth $312,418,000 after buying an additional 1,011,166 shares during the period. Schroder Investment Management Group lifted its holdings in Coterra Energy by 18.2% in the fourth quarter. Schroder Investment Management Group now owns 11,776,525 shares of the company's stock worth $300,537,000 after buying an additional 1,809,615 shares during the period. Finally, Northern Trust Corp lifted its holdings in Coterra Energy by 7.0% in the fourth quarter. Northern Trust Corp now owns 8,777,764 shares of the company's stock worth $224,184,000 after buying an additional 571,193 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CTRA has been the subject of a number of analyst reports. Barclays raised their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Mizuho decreased 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. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a research note on Tuesday, April 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a research note on Tuesday, July 1st. Finally, Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $33.20.
Read Our Latest Report on Coterra Energy
Coterra Energy Price Performance
NYSE CTRA traded down $0.79 on Tuesday, reaching $24.66. The company had a trading volume of 6,178,634 shares, compared to its average volume of 6,546,769. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $18.82 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.35 and a beta of 0.35. The firm's 50 day moving average price is $25.18 and its 200 day moving average price is $26.47. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95.
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 net margin of 21.67% and a return on equity of 10.61%. The firm had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $0.51 EPS. The business's quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities analysts predict 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. Investors of record on Thursday, May 15th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.57%. Coterra Energy's payout ratio is 51.16%.
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.
Further Reading
Before you consider Coterra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coterra Energy wasn't on the list.
While Coterra Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
