Coterra Energy Inc. (NYSE:CTRA) Stake Increased by Schear Investment Advisers LLC

Schear Investment Advisers LLC lifted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 25.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,219 shares of the company's stock after purchasing an additional 11,543 shares during the period. Schear Investment Advisers LLC's holdings in Coterra Energy were worth $1,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CTRA. Dark Forest Capital Management LP acquired a new position in shares of Coterra Energy in the 4th quarter valued at $942,000. State of Tennessee Department of Treasury boosted its stake in Coterra Energy by 7.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company's stock worth $12,075,000 after purchasing an additional 31,425 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Coterra Energy during the 4th quarter worth $641,000. Intech Investment Management LLC lifted its stake in shares of Coterra Energy by 56.7% in the 4th quarter. Intech Investment Management LLC now owns 67,858 shares of the company's stock worth $1,733,000 after acquiring an additional 24,560 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Coterra Energy by 7.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 123,054 shares of the company's stock worth $3,577,000 after acquiring an additional 8,726 shares during the period. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Trading Up 0.6%

CTRA stock traded up $0.16 during midday trading on Monday, reaching $25.44. 1,433,973 shares of the company's stock traded hands, compared to its average volume of 6,534,998. The company has a market capitalization of $19.42 billion, a P/E ratio of 14.76, a PEG ratio of 0.35 and a beta of 0.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business has a 50-day moving average price of $25.18 and a two-hundred day moving average price of $26.47.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The business's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Equities research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.22 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.46%. Coterra Energy's dividend payout ratio (DPR) is presently 51.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CTRA shares. Barclays increased their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Raymond James Financial set a $38.00 target price on shares of Coterra Energy and gave the company an "outperform" rating in a report on Friday, June 13th. Bank of America dropped their target price on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on shares of Coterra Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $31.00 price target on shares of Coterra Energy in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Coterra Energy Company 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.