Coterra Energy Inc. (NYSE:CTRA) Holdings Boosted by Toroso Investments LLC

Toroso Investments LLC grew its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 85.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,339 shares of the company’s stock after purchasing an additional 48,035 shares during the quarter. Toroso Investments LLC’s holdings in Coterra Energy were worth $2,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Grey Fox Wealth Advisors LLC bought a new position in Coterra Energy during the 4th quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in shares of Coterra Energy during the fourth quarter worth about $25,000. Bogart Wealth LLC bought a new stake in Coterra Energy in the 1st quarter valued at about $26,000. Stone House Investment Management LLC acquired a new position in Coterra Energy during the 1st quarter valued at about $27,000. Finally, Ameritas Advisory Services LLC bought a new position in Coterra Energy in the 1st quarter worth about $30,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 0.8 %

Shares of NYSE CTRA opened at $28.55 on Friday. The business has a fifty day simple moving average of $27.46 and a 200-day simple moving average of $25.70. The company has a quick ratio of 1.67, a current ratio of 1.74 and a debt-to-equity ratio of 0.17. The company has a market cap of $21.56 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.23 and a beta of 0.29. Coterra Energy Inc. has a 12 month low of $22.25 and a 12 month high of $31.77.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, August 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Coterra Energy had a net margin of 40.12% and a return on equity of 23.06%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts predict that Coterra Energy Inc. will post 2.25 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.80 annualized dividend and a yield of 2.80%. Coterra Energy’s dividend payout ratio (DPR) is presently 20.05%.

Analyst Ratings Changes

CTRA has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Coterra Energy from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $33.00 to $31.00 in a research report on Tuesday, June 27th. Mizuho raised their price target on Coterra Energy from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Piper Sandler raised shares of Coterra Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $35.00 in a report on Monday, August 14th. Stephens reissued an “overweight” rating and set a $32.00 target price on shares of Coterra Energy in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of Coterra Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.00.

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 primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.