Teacher Retirement System of Texas Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

Teacher Retirement System of Texas purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 107,691 shares of the company's stock, valued at approximately $3,112,000.

Other institutional investors have also added to or reduced their stakes in the company. Investors Research Corp grew its position in shares of Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock worth $38,000 after buying an additional 408 shares during the period. VSM Wealth Advisory LLC bought a new position in Coterra Energy during the 4th quarter valued at about $46,000. Alpine Bank Wealth Management bought a new position in Coterra Energy during the 1st quarter valued at about $47,000. Nemes Rush Group LLC bought a new position in shares of Coterra Energy in the 4th quarter worth approximately $48,000. Finally, Optiver Holding B.V. bought a new position in shares of Coterra Energy in the 4th quarter worth approximately $50,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Down 0.1%

NYSE CTRA traded down $0.02 on Wednesday, hitting $25.16. 6,362,077 shares of the stock were exchanged, compared to its average volume of 6,525,651. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.90. The stock has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $26.44. The firm has a market capitalization of $19.20 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.35 and a beta of 0.35. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95.

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

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.22 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.50%. Coterra Energy's payout ratio is currently 51.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CTRA shares. Pickering Energy Partners cut shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Raymond James Financial set a $38.00 target price on shares of Coterra Energy and gave the stock an "outperform" rating in a research note on Friday, June 13th. Scotiabank decreased their target price on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a research note on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating, sixteen have given 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 a consensus rating of "Moderate Buy" and a consensus target price of $33.10.

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.