Dimensional Fund Advisors LP Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

Dimensional Fund Advisors LP bought a new stake in Coterra Energy Inc. (NYSE:CTRAGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,675,094 shares of the company’s stock, valued at approximately $207,002,000. Dimensional Fund Advisors LP owned approximately 0.95% of Coterra Energy at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Analysts LLC bought a new stake in Coterra Energy during the first quarter worth $27,000. Larson Financial Group LLC acquired a new stake in shares of Coterra Energy in the 1st quarter valued at approximately $28,000. BerganKDV Wealth Management LLC acquired a new position in Coterra Energy during the 1st quarter worth approximately $29,000. Eagle Bay Advisors LLC bought a new position in Coterra Energy in the 1st quarter valued at approximately $29,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in Coterra Energy in the first quarter valued at approximately $32,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler cut their price objective on Coterra Energy from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, July 22nd. Mizuho boosted their price target on Coterra Energy from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective on shares of Coterra Energy in a report on Wednesday, July 20th. Barclays lifted their target price on shares of Coterra Energy from $37.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 31st. Finally, Wells Fargo & Company raised their price target on shares of Coterra Energy from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.67.

Coterra Energy Stock Up 0.1 %

Shares of NYSE:CTRA opened at $29.12 on Friday. Coterra Energy Inc. has a 1 year low of $18.14 and a 1 year high of $36.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.80 and a quick ratio of 1.77. The business’s 50-day moving average is $28.73 and its 200-day moving average is $28.76. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.11 and a beta of 0.06.

Coterra Energy (NYSE:CTRAGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.14. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.25 billion. Coterra Energy had a return on equity of 28.44% and a net margin of 41.04%. During the same period in the previous year, the firm earned $0.25 earnings per share. Equities research analysts predict that Coterra Energy Inc. will post 4.91 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Monday, August 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, August 12th. Coterra Energy’s payout ratio is 16.67%.

About Coterra Energy

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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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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