Yousif Capital Management LLC Has $2.64 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

Yousif Capital Management LLC raised its holdings in Coterra Energy Inc. (NYSE:CTRA) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,175 shares of the company’s stock after buying an additional 5,824 shares during the period. Yousif Capital Management LLC’s holdings in Coterra Energy were worth $2,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRA. Investors Research Corp raised its holdings in shares of Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company’s stock valued at $38,000 after purchasing an additional 408 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Coterra Energy by 33.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after acquiring an additional 429 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of Coterra Energy during the 4th quarter worth approximately $46,000. Finally, Nemes Rush Group LLC bought a new stake in Coterra Energy in the 4th quarter valued at $48,000. 87.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CTRA shares. Bank of America reduced their price objective on shares of Coterra Energy from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Barclays lowered their price target on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on Coterra Energy from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Williams Trading set a $37.00 target price on Coterra Energy in a research note on Wednesday, March 5th. Finally, Mizuho reduced their price target on Coterra Energy from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Coterra Energy Price Performance

Coterra Energy stock opened at $26.70 on Friday. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.59 and a beta of 0.34. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock’s 50 day moving average price is $24.99 and its two-hundred day moving average price is $26.35.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $924.00 million during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 32.9% on a year-over-year basis. On average, equities analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 51.16%.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. This trade represents a 19.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

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.