Signaturefd LLC Buys 507 Shares of Coterra Energy Inc. (NYSE:CTRA)

Signaturefd LLC grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,557 shares of the company’s stock after acquiring an additional 507 shares during the period. Signaturefd LLC’s holdings in Coterra Energy were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Coterra Energy by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock valued at $18,531,000 after acquiring an additional 459,713 shares in the last quarter. KBC Group NV lifted its position in shares of Coterra Energy by 240.1% in the fourth quarter. KBC Group NV now owns 863,965 shares of the company’s stock valued at $22,049,000 after acquiring an additional 609,954 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Coterra Energy in the first quarter valued at about $656,000. Quadrature Capital Ltd lifted its position in shares of Coterra Energy by 112.2% in the first quarter. Quadrature Capital Ltd now owns 72,395 shares of the company’s stock worth $2,018,000 after buying an additional 38,278 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Coterra Energy by 38.2% in the fourth quarter. Private Advisor Group LLC now owns 123,322 shares of the company’s stock worth $3,147,000 after buying an additional 34,110 shares in the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CTRA shares. Roth Mkm upgraded Coterra Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $29.00 in a research report on Tuesday, August 27th. Susquehanna boosted their price objective on Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. BMO Capital Markets raised Coterra Energy to a “hold” rating in a research note on Wednesday, July 3rd. Truist Financial reduced their price objective on Coterra Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group reduced their price objective on Coterra Energy from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and an average price target of $33.29.

Coterra Energy Stock Performance

Shares of CTRA opened at $24.33 on Tuesday. Coterra Energy Inc. has a 12 month low of $23.18 and a 12 month high of $29.89. The stock has a fifty day moving average price of $25.45 and a 200-day moving average price of $26.65. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.99 billion, a PE ratio of 14.06, a P/E/G ratio of 1.24 and a beta of 0.24.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Coterra Energy Inc. will post 1.95 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, August 15th. Coterra Energy’s dividend payout ratio is currently 48.55%.

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.