Amalgamated Bank Makes New $7.32 Million Investment in Coterra Energy Inc. (NYSE:CTRA)

Amalgamated Bank bought a new position in shares of Coterra Energy Inc. (NYSE:CTRAGet Rating) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 271,372 shares of the company’s stock, valued at approximately $7,319,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Offit Capital Advisors LLC acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $213,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $670,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $3,697,000. Verition Fund Management LLC acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $309,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $3,063,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

CTRA has been the topic of a number of research reports. Mizuho upped 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. Wells Fargo & Company upped their price target on Coterra Energy from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, July 11th. Credit Suisse Group upped their target price on Coterra Energy from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, June 13th. MKM Partners reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Coterra Energy in a research note on Wednesday, July 20th. Finally, Barclays upped their target price on Coterra Energy from $37.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.67.

Coterra Energy Trading Down 6.6 %

Shares of Coterra Energy stock opened at $28.74 on Friday. Coterra Energy Inc. has a fifty-two week low of $18.39 and a fifty-two week high of $36.55. The firm has a market cap of $22.87 billion, a PE ratio of 7.98, a P/E/G ratio of 0.11 and a beta of 0.06. The business’s fifty day moving average is $29.25 and its two-hundred day moving average is $29.09. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.24.

Coterra Energy (NYSE:CTRAGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Coterra Energy had a return on equity of 28.44% and a net margin of 41.04%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the company posted $0.25 EPS. Analysts anticipate that Coterra Energy Inc. will post 4.97 earnings per share for the current year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Monday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.09%. Coterra Energy’s payout ratio is 16.67%.

Coterra Energy Profile

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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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