UMB Bank n.a. Sells 947 Shares of Coterra Energy Inc. $CTRA

UMB Bank n.a. lowered its stake in Coterra Energy Inc. (NYSE:CTRA) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,365 shares of the company’s stock after selling 947 shares during the quarter. UMB Bank n.a.’s holdings in Coterra Energy were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CTRA. Cornerstone Planning Group LLC grew its stake in Coterra Energy by 175.6% during 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 in the last quarter. Raleigh Capital Management Inc. grew its position in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 737 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Coterra Energy during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of Coterra Energy in the first quarter worth $34,000. Finally, Investors Research Corp raised its position in shares of Coterra Energy by 45.2% in the first quarter. Investors Research Corp now owns 1,311 shares of the company’s stock worth $38,000 after buying an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 1.1%

Shares of CTRA opened at $23.74 on Thursday. Coterra Energy Inc. has a fifty-two week low of $22.46 and a fifty-two week high of $29.95. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.33 and a beta of 0.34. The firm has a 50 day moving average price of $23.96 and a 200-day moving average price of $25.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13.

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

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. Coterra Energy’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CTRA. Barclays upped their target price on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Scotiabank restated an “outperform” rating on shares of Coterra Energy in a research report on Friday, July 11th. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Mizuho cut 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 note on Monday, September 15th. Finally, Raymond James Financial restated an “outperform” rating and set a $34.00 price objective (down previously from $38.00) on shares of Coterra Energy in a research report on Thursday, September 11th. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.22.

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.