CW Advisors LLC Grows Position in Coterra Energy Inc. $CTRA

CW Advisors LLC increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 27.2% in the second quarter, Holdings Channel.com reports. The fund owned 98,895 shares of the company’s stock after purchasing an additional 21,147 shares during the period. CW Advisors LLC’s holdings in Coterra Energy were worth $2,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTRA. Vanguard Group Inc. lifted 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 worth $2,416,429,000 after purchasing an additional 2,872,288 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Coterra Energy by 15.3% in the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock worth $2,416,939,000 after buying an additional 11,102,350 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Coterra Energy by 5.9% during 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 buying an additional 1,495,553 shares during the last quarter. Geode Capital Management LLC grew its holdings in Coterra Energy by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 20,685,670 shares of the company’s stock valued at $522,936,000 after buying an additional 953,824 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Coterra Energy by 1.1% during the 2nd quarter. Schroder Investment Management Group now owns 13,575,101 shares of the company’s stock valued at $344,536,000 after buying an additional 141,830 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Up 0.1%

CTRA stock opened at $27.37 on Friday. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $29.95. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33. 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 firm’s fifty day simple moving average is $24.86 and its two-hundred day simple moving average is $24.70.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $0.32 EPS. Coterra Energy’s revenue was up 33.7% compared to the same quarter last year. As a group, analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, November 13th. Coterra Energy’s payout ratio is 40.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wolfe Research lowered their target price on Coterra Energy from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. Piper Sandler lowered their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Scotiabank dropped their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 9th. Roth Capital restated a “buy” rating and issued a $27.00 target price on shares of Coterra Energy in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.86.

About Coterra Energy

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. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.