Cerity Partners LLC Has $11.62 Million Stock Holdings in Coterra Energy Inc. $CTRA

Cerity Partners LLC grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 38.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491,123 shares of the company’s stock after acquiring an additional 136,746 shares during the quarter. Cerity Partners LLC owned 0.06% of Coterra Energy worth $11,615,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Davis Selected Advisers bought a new position in shares of Coterra Energy during the 2nd quarter worth approximately $237,002,000. Vanguard Group Inc. grew its stake in Coterra Energy by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock valued at $2,416,429,000 after buying an additional 2,872,288 shares during the last quarter. Truist Financial Corp lifted its holdings in Coterra Energy by 165.3% during the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock worth $106,934,000 after purchasing an additional 2,625,126 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Coterra Energy by 5.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock valued at $680,197,000 after acquiring an additional 1,495,553 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Coterra Energy in the second quarter valued at approximately $30,325,000. 87.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CTRA shares. Roth Capital reaffirmed a “buy” rating and set a $27.00 price target on shares of Coterra Energy in a report on Tuesday, November 4th. Susquehanna reduced their price target on Coterra Energy from $32.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Raymond James Financial upped their price target on shares of Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. UBS Group lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Stephens reduced their price objective on Coterra Energy from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.86.

Coterra Energy Trading Down 2.3%

NYSE CTRA opened at $24.83 on Friday. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The business’s fifty day moving average is $26.10 and its 200-day moving average is $24.76. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.38 and a beta of 0.36.

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

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were issued 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 yield of 3.5%. Coterra Energy’s payout ratio is presently 40.55%.

Coterra Energy 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.