Coterra Energy Inc. (NYSE:CTRA) Holdings Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of Coterra Energy Inc. (NYSE:CTRAGet Rating) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,673 shares of the company’s stock after selling 3,132 shares during the quarter. Advisors Asset Management Inc.’s holdings in Coterra Energy were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CTRA. Sky Investment Group LLC grew its stake in Coterra Energy by 4.8% in the second quarter. Sky Investment Group LLC now owns 8,809 shares of the company’s stock valued at $227,000 after purchasing an additional 400 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in Coterra Energy by 3.5% in the second quarter. 180 Wealth Advisors LLC now owns 12,196 shares of the company’s stock valued at $321,000 after purchasing an additional 415 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Coterra Energy by 5.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 11,126 shares of the company’s stock valued at $287,000 after purchasing an additional 526 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Coterra Energy by 100.3% in the second quarter. First Horizon Advisors Inc. now owns 1,164 shares of the company’s stock valued at $30,000 after purchasing an additional 583 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its stake in Coterra Energy by 0.4% in the second quarter. Mengis Capital Management Inc. now owns 162,665 shares of the company’s stock valued at $4,195,000 after purchasing an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays decreased their price target on Coterra Energy from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Piper Sandler lowered their price objective on Coterra Energy from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, November 17th. Morgan Stanley upped their price objective on Coterra Energy from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 19th. Citigroup upped their price objective on Coterra Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, September 21st. Finally, Stifel Nicolaus initiated coverage on Coterra Energy in a research note on Tuesday, October 25th. They issued a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Coterra Energy Stock Down 0.8 %

Shares of CTRA opened at $26.38 on Tuesday. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 5.33, a PEG ratio of 0.10 and a beta of 0.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.62 and a current ratio of 1.66. The business’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $29.42. Coterra Energy Inc. has a 52 week low of $18.39 and a 52 week high of $36.55.

Coterra Energy (NYSE:CTRAGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.43 billion. Coterra Energy had a return on equity of 29.82% and a net margin of 44.15%. On average, analysts predict that Coterra Energy Inc. will post 4.88 earnings per share for the current year.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 10.31%. This is an increase from Coterra Energy’s previous quarterly dividend of $0.15. Coterra Energy’s dividend payout ratio is 12.12%.

Coterra Energy Company Profile

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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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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