Coterra Energy Inc. $CTRA Stock Holdings Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 38.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,974 shares of the company’s stock after selling 178,295 shares during the period. Thrivent Financial for Lutherans’ holdings in Coterra Energy were worth $7,359,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in Coterra Energy during the 2nd quarter worth approximately $26,000. REAP Financial Group LLC boosted its holdings in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after purchasing an additional 726 shares during the period. Tobam increased its stake in Coterra Energy by 50.9% during the second quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after purchasing an additional 615 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Coterra Energy during the second quarter worth $50,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Coterra Energy in the 2nd quarter valued at about $57,000. 87.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTRA shares. Barclays dropped their price objective on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Stephens lowered 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. Johnson Rice cut their target price on Coterra Energy from $38.00 to $37.00 in a research note on Friday, December 5th. Piper Sandler reduced their price target on shares of Coterra Energy from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Finally, Mizuho lowered their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.86.

Coterra Energy Price Performance

Shares of CTRA opened at $25.43 on Friday. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.95. The stock’s fifty day moving average is $25.31 and its 200-day moving average is $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. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.44 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last posted 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). The company had revenue of $1.82 billion during 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 business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. Equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were issued a $0.22 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. Coterra Energy’s dividend payout ratio (DPR) is 40.55%.

Coterra Energy Company Profile

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.