Stephens Inc. AR Trims Stake in Coterra Energy Inc. $CTRA

Stephens Inc. AR trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,626 shares of the company’s stock after selling 2,377 shares during the period. Stephens Inc. AR’s holdings in Coterra Energy were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRA. GAMMA Investing LLC increased its holdings in shares of Coterra Energy by 95.8% during the 1st quarter. GAMMA Investing LLC now owns 23,421 shares of the company’s stock worth $677,000 after buying an additional 11,459 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Coterra Energy by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,425 shares of the company’s stock worth $1,486,000 after buying an additional 1,037 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Coterra Energy by 2.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 308,617 shares of the company’s stock worth $8,919,000 after buying an additional 8,600 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Coterra Energy by 428.6% during the 1st quarter. Spire Wealth Management now owns 2,294 shares of the company’s stock worth $66,000 after buying an additional 1,860 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Coterra Energy by 10.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 520,565 shares of the company’s stock worth $15,044,000 after buying an additional 49,525 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 0.7%

Shares of Coterra Energy stock opened at $23.58 on Friday. The business has a 50-day moving average of $23.74 and a 200-day moving average of $24.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08. The company has a market capitalization of $18.00 billion, a PE ratio of 11.28, a P/E/G ratio of 0.36 and a beta of 0.29. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $29.95.

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

Coterra Energy Dividend Announcement

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

Analysts Set New Price Targets

CTRA has been the subject of a number of research analyst reports. Scotiabank dropped their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. Wells Fargo & Company increased their price target on Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Morgan Stanley lowered their price target on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. The Goldman Sachs Group lowered their price target on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Roth Capital lowered their price target on Coterra Energy from $27.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and an average target price of $32.60.

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.