Sapient Capital LLC Grows Holdings in Coterra Energy Inc. $CTRA

Sapient Capital LLC lifted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 87.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 44,188 shares of the company’s stock after purchasing an additional 20,626 shares during the period. Sapient Capital LLC’s holdings in Coterra Energy were worth $1,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CTRA. Davis Selected Advisers acquired a new position in Coterra Energy in the 2nd quarter worth about $237,002,000. Vanguard Group Inc. increased its position in shares of Coterra Energy by 3.1% in the second quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock valued at $2,416,429,000 after buying an additional 2,872,288 shares in the last quarter. Truist Financial Corp increased its position in shares of Coterra Energy by 165.3% in the second quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after buying an additional 2,625,126 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Coterra Energy by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock worth $680,197,000 after buying an additional 1,495,553 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Coterra Energy during the 2nd quarter valued at approximately $30,325,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Performance

NYSE:CTRA opened at $25.79 on Monday. The company has a market cap of $19.64 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.43 and a beta of 0.33. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $29.95. The company’s 50-day moving average price is $25.63 and its 200-day moving average price is $24.80. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business earned $0.32 earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. On average, sell-side analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal 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 given a $0.22 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. Coterra Energy’s payout ratio is currently 40.55%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTRA. The Goldman Sachs Group cut their price target 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. Susquehanna cut their target price on shares of Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Zacks Research raised shares of Coterra Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Stephens decreased 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 note on Tuesday, October 21st. Finally, William Blair began coverage on Coterra Energy in a research note on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective for the company. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

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.