Coterra Energy Inc. $CTRA Stock Position Boosted by Cwm LLC

Cwm LLC raised its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 85.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,897 shares of the company’s stock after buying an additional 106,983 shares during the period. Cwm LLC’s holdings in Coterra Energy were worth $5,508,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CTRA. Bogart Wealth LLC acquired a new position in shares of Coterra Energy during the second quarter valued at approximately $26,000. REAP Financial Group LLC boosted its stake in Coterra Energy by 190.1% during the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after purchasing an additional 726 shares in the last quarter. Tobam increased its position in shares of Coterra Energy by 50.9% during the 2nd quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after purchasing an additional 615 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Coterra Energy in the 2nd quarter worth $50,000. Finally, Quarry LP lifted its holdings in shares of Coterra Energy by 69.2% in the first quarter. Quarry LP now owns 2,147 shares of the company’s stock valued at $62,000 after buying an additional 878 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $26.56 on Wednesday. The company’s fifty day moving average is $25.75 and its two-hundred day moving average is $24.80. The company has a market cap of $20.22 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.44 and a beta of 0.33. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $29.95. The company has a quick ratio of 0.98, a current ratio of 1.02 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 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business 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 quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Equities analysts expect 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s payout ratio is 40.55%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTRA. Zacks Research raised Coterra Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Stephens reduced their price objective on shares of Coterra Energy from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. William Blair assumed coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price objective on the stock. Mizuho cut their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, The Goldman Sachs Group reduced their target price 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. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.