HB Wealth Management LLC Takes Position in Coterra Energy Inc. (NYSE:CTRA)

HB Wealth Management LLC bought a new position in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,271 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors also recently bought and sold shares of the company. Significant Wealth Partners LLC bought a new stake in Coterra Energy in the 4th quarter worth approximately $1,604,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Coterra Energy by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock worth $18,531,000 after buying an additional 459,713 shares in the last quarter. KBC Group NV increased its holdings in shares of Coterra Energy by 240.1% in the 4th quarter. KBC Group NV now owns 863,965 shares of the company’s stock worth $22,049,000 after buying an additional 609,954 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of Coterra Energy during the 4th quarter valued at about $11,485,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Coterra Energy by 38.2% in the 4th quarter. Private Advisor Group LLC now owns 123,322 shares of the company’s stock valued at $3,147,000 after acquiring an additional 34,110 shares during the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Down 2.5 %

Shares of Coterra Energy stock opened at $26.23 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.52 billion, a P/E ratio of 15.16, a PEG ratio of 1.25 and a beta of 0.24. The firm’s 50 day moving average price is $27.49 and its 200-day moving average price is $26.62. Coterra Energy Inc. has a 52-week low of $23.73 and a 52-week high of $29.89.

Coterra Energy (NYSE:CTRAGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. On average, sell-side analysts predict that Coterra Energy Inc. will post 2 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, May 15th. Coterra Energy’s dividend payout ratio is currently 48.55%.

Wall Street Analyst Weigh In

CTRA has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. Bank of America reissued a “buy” rating and issued a $34.00 target price on shares of Coterra Energy in a research note on Friday, June 14th. Stifel Nicolaus dropped their price target on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Mizuho increased their price objective on shares of Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $33.93.

Get Our Latest Report on CTRA

Coterra Energy Profile

(Free Report)

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.

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

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