Sapient Capital LLC Increases Stock Holdings in Coterra Energy Inc. $CTRA

Sapient Capital LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 87.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,188 shares of the company’s stock after buying an additional 20,626 shares during the period. Sapient Capital LLC’s holdings in Coterra Energy were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. FSM Wealth Advisors LLC increased its holdings in shares of Coterra Energy by 62.5% during the third quarter. FSM Wealth Advisors LLC now owns 13,913 shares of the company’s stock valued at $329,000 after acquiring an additional 5,351 shares in the last quarter. Greenwood Capital Associates LLC grew its position in Coterra Energy by 1.0% during the 3rd quarter. Greenwood Capital Associates LLC now owns 79,737 shares of the company’s stock worth $1,886,000 after purchasing an additional 808 shares during the last quarter. CWM LLC grew its position in Coterra Energy by 85.0% during the 3rd quarter. CWM LLC now owns 232,897 shares of the company’s stock worth $5,508,000 after purchasing an additional 106,983 shares during the last quarter. Pacer Advisors Inc. increased its stake in Coterra Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 4,137,603 shares of the company’s stock valued at $97,854,000 after purchasing an additional 567,053 shares in the last quarter. Finally, Independent Wealth Network Inc. purchased a new position in shares of Coterra Energy in the third quarter worth $301,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CTRA. Siebert Williams Shank cut their target price on Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. UBS Group increased their price objective on Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a report on Friday, December 12th. William Blair initiated coverage on Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 target price for the company. Finally, Roth Capital reiterated a “buy” rating and issued a $27.00 target price on shares of Coterra Energy in a research report on Tuesday, November 4th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

Coterra Energy Stock Performance

NYSE CTRA opened at $25.79 on Monday. The firm has a market capitalization of $19.64 billion, a P/E ratio of 11.89, a PEG ratio of 0.43 and a beta of 0.33. The stock has a 50-day simple moving average of $25.63 and a two-hundred day simple moving average of $24.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $29.95.

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

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. Coterra Energy’s dividend payout ratio (DPR) is presently 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.