Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Coterra Energy Inc. $CTRA

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Coterra Energy Inc. (NYSE:CTRA) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,265 shares of the company’s stock after purchasing an additional 49,572 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Coterra Energy worth $12,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new position in shares of Coterra Energy in the 2nd quarter worth about $26,000. REAP Financial Group LLC raised its position 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 acquiring an additional 726 shares during the period. Tobam boosted its stake in Coterra Energy by 50.9% in the second quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after acquiring an additional 615 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Coterra Energy during the 2nd quarter valued at approximately $50,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Coterra Energy during the 3rd quarter worth approximately $50,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Up 0.6%

Shares of NYSE CTRA opened at $27.44 on Friday. 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 company has a market cap of $20.89 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.61 and a beta of 0.36. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $29.82. The business has a 50-day simple moving average of $26.10 and a two-hundred day simple moving average of $24.80.

Coterra Energy (NYSE:CTRA) last announced its quarterly 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). The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Research analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 40.55%.

Analyst Upgrades and Downgrades

CTRA has been the subject of several research reports. Wolfe Research reduced their price objective on Coterra Energy from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Stephens cut their price target 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 decreased their price objective on Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. Scotiabank set a $31.00 price objective on shares of Coterra Energy in a report on Friday, January 16th. Finally, BMO Capital Markets cut their target price on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating for the company in a research report on Monday, December 15th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.71.

About Coterra Energy

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.