Inspire Investing LLC Acquires 804 Shares of Coterra Energy Inc. $CTRA

Inspire Investing LLC raised its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,096 shares of the company’s stock after purchasing an additional 804 shares during the period. Inspire Investing LLC’s holdings in Coterra Energy were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after acquiring an additional 555 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 737 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Coterra Energy in the 1st quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in shares of Coterra Energy in the 1st quarter valued at about $34,000. Finally, Investors Research Corp boosted its position in shares of Coterra Energy by 45.2% during 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 in the last quarter. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CTRA shares. Wells Fargo & Company increased their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price target (down previously from $38.00) on shares of Coterra Energy in a report on Thursday, September 11th. Barclays boosted their price objective on Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Mizuho reduced their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Piper Sandler upped their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $33.22.

Coterra Energy Trading Down 0.7%

Shares of CTRA stock opened at $24.38 on Thursday. The stock has a market capitalization of $18.61 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.35 and a beta of 0.34. The company’s fifty day simple moving average is $24.10 and its two-hundred day simple moving average is $25.27. Coterra Energy Inc. has a 1 year low of $22.46 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The business’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. As a group, analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, August 14th. Coterra Energy’s dividend payout ratio is currently 42.11%.

Coterra Energy Company Profile

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.