36,033 Shares in Coterra Energy Inc. $CTRA Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC bought a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 36,033 shares of the company’s stock, valued at approximately $852,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Michigan Retirement System raised its stake in Coterra Energy by 5.8% during the 2nd quarter. State of Michigan Retirement System now owns 244,459 shares of the company’s stock valued at $6,204,000 after purchasing an additional 13,500 shares during the last quarter. Truist Financial Corp increased its holdings in shares of 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 period. Resona Asset Management Co. Ltd. increased its holdings in shares of Coterra Energy by 30.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 294,598 shares of the company’s stock worth $7,486,000 after purchasing an additional 68,100 shares during the period. Strs Ohio raised its position in shares of Coterra Energy by 58.5% during the second quarter. Strs Ohio now owns 87,745 shares of the company’s stock valued at $2,227,000 after buying an additional 32,376 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Coterra Energy by 43.2% in the second quarter. Nordea Investment Management AB now owns 57,542 shares of the company’s stock valued at $1,468,000 after buying an additional 17,373 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CTRA shares. Wolfe Research decreased their target price on Coterra Energy from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Susquehanna reduced their price objective on Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, October 20th. The Goldman Sachs Group lowered their price objective on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Mizuho reduced their target price on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, Barclays decreased their price target 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. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.86.

Coterra Energy Stock Performance

Coterra Energy stock opened at $25.54 on Tuesday. 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 stock has a fifty day moving average price of $25.41 and a two-hundred day moving average price of $24.80. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.95. The firm has a market capitalization of $19.44 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.43 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last issued its 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). 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 during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio is currently 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.