Coterra Energy Inc. $CTRA Stake Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in Coterra Energy Inc. (NYSE:CTRA) by 92.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,764 shares of the company’s stock after acquiring an additional 36,811 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Coterra Energy were worth $1,816,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in shares of Coterra Energy by 7.6% in the 2nd quarter. Fifth Third Bancorp now owns 89,869 shares of the company’s stock valued at $2,281,000 after purchasing an additional 6,371 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Coterra Energy by 12.4% in the second quarter. Perigon Wealth Management LLC now owns 10,356 shares of the company’s stock valued at $263,000 after buying an additional 1,143 shares during the last quarter. Hartford Investment Management Co. increased its holdings in Coterra Energy by 2.7% in the second quarter. Hartford Investment Management Co. now owns 46,198 shares of the company’s stock valued at $1,173,000 after buying an additional 1,213 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Coterra Energy during the second quarter valued at approximately $220,000. Finally, V Square Quantitative Management LLC lifted its holdings in Coterra Energy by 8.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 11,573 shares of the company’s stock worth $294,000 after buying an additional 913 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CTRA shares. Siebert Williams Shank lowered their price target on Coterra Energy from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, October 13th. The Goldman Sachs Group decreased their price objective on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Mizuho increased their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Stephens reduced their price target on shares of Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Finally, Johnson Rice lowered their price objective on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $32.71.

Coterra Energy Trading Up 0.6%

Shares of NYSE:CTRA opened at $27.44 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $26.10 and its 200 day moving average price is $24.80. The company has a market cap of $20.89 billion, a PE ratio of 12.64, a P/E/G ratio of 0.61 and a beta of 0.36. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $29.82.

Coterra Energy (NYSE:CTRA) last announced its quarterly 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 firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. Coterra Energy’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders 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 annualized dividend and a yield of 3.2%. Coterra Energy’s payout ratio 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.