Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,813 shares of the company's stock after selling 46,918 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Coterra Energy worth $15,803,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Coterra Energy by 175.6% during the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock worth $25,000 after buying an additional 555 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Coterra Energy by 463.5% during the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after buying an additional 737 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Coterra Energy during the first quarter worth about $34,000. Investors Research Corp increased its holdings in Coterra Energy by 45.2% during the first 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 last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Coterra Energy during the first quarter worth about $46,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Trading Up 0.3%

Shares of NYSE CTRA traded up $0.08 during mid-day trading on Monday, hitting $23.71. The stock had a trading volume of 1,133,339 shares, compared to its average volume of 7,067,181. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.90. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year 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 $26.33. The firm has a market cap of $18.09 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.32 and a beta of 0.35.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's payout ratio is currently 51.16%.

Analysts Set New Price Targets

CTRA has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $31.00 target price on shares of Coterra Energy in a research note on Tuesday, July 1st. Bank of America reduced their target price on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their target price on shares of Coterra Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Finally, Barclays lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus price target 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.