Schear Investment Advisers LLC Purchases 11,543 Shares of Coterra Energy Inc. (NYSE:CTRA)

Schear Investment Advisers LLC increased its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 25.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,219 shares of the company's stock after buying an additional 11,543 shares during the quarter. 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 and hedge funds have also added to or reduced their stakes in CTRA. Sterling Capital Management LLC lifted its position in shares of Coterra Energy by 5,744.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company's stock valued at $93,520,000 after acquiring an additional 3,599,042 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Coterra Energy by 117.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,817,375 shares of the company's stock valued at $123,036,000 after purchasing an additional 2,600,801 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Coterra Energy during the 4th quarter valued at $57,877,000. Man Group plc raised its stake in Coterra Energy by 81.4% during the 4th quarter. Man Group plc now owns 4,842,621 shares of the company's stock valued at $123,681,000 after purchasing an additional 2,172,931 shares during the period. Finally, Schroder Investment Management Group raised its stake in Coterra Energy by 18.2% during the 4th quarter. Schroder Investment Management Group now owns 11,776,525 shares of the company's stock valued at $300,537,000 after purchasing an additional 1,809,615 shares during the period. 87.92% of the stock is owned by institutional investors.

Coterra Energy Stock Performance

Shares of NYSE CTRA traded down $0.44 during mid-day trading on Wednesday, hitting $24.20. The company had a trading volume of 7,212,953 shares, compared to its average volume of 6,560,444. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. The business's 50-day simple moving average is $25.25 and its 200-day simple moving average is $26.44. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The firm has a market cap of $18.47 billion, a P/E ratio of 14.07, a PEG ratio of 0.34 and a beta of 0.35.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The firm had revenue of $924.00 million during the quarter, compared to analysts' expectations of $1.92 billion. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. As a group, analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's payout ratio is 51.16%.

Analyst Ratings Changes

CTRA has been the topic of several recent analyst reports. Piper Sandler cut their target price on shares of Coterra Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley set a $28.00 price target on shares of Coterra Energy in a research note on Tuesday, April 15th. Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Susquehanna dropped their price target on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America dropped their price target on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

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.