34,800 Shares in Coterra Energy Inc. $CTRA Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 34,800 shares of the company’s stock, valued at approximately $823,000.

Several other large investors also recently made changes to their positions in the business. Bogart Wealth LLC bought a new stake in shares of Coterra Energy in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC grew its position in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after buying an additional 726 shares during the last quarter. Tobam increased its holdings in shares of Coterra Energy by 50.9% in the second quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after buying an additional 615 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Coterra Energy in the second quarter valued at $50,000. Finally, Quarry LP lifted its position in shares of Coterra Energy by 69.2% during the 1st quarter. Quarry LP now owns 2,147 shares of the company’s stock valued at $62,000 after acquiring an additional 878 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTRA. Johnson Rice decreased their target price on Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. Roth Capital reiterated a “buy” rating and issued a $27.00 price target on shares of Coterra Energy in a research report on Tuesday, November 4th. Mizuho cut their price objective on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. William Blair assumed coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Scotiabank decreased their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.86.

Coterra Energy Stock Down 0.1%

Coterra Energy stock opened at $25.40 on Friday. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $29.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market cap of $19.34 billion, a PE ratio of 11.71, a P/E/G ratio of 0.43 and a beta of 0.33. The firm’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $24.80.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business earned $0.32 EPS. The company’s quarterly revenue was up 33.7% on a year-over-year basis. On average, research analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were paid a $0.22 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.5%. Coterra Energy’s payout ratio is 40.55%.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.