194,884 Shares in Coterra Energy Inc. $CTRA Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 194,884 shares of the company’s stock, valued at approximately $4,609,000.

A number of other large investors have also added to or reduced their stakes in CTRA. Davis Selected Advisers bought a new position in shares of Coterra Energy during the second quarter valued at about $237,002,000. Vanguard Group Inc. increased its holdings in Coterra Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock valued at $2,416,429,000 after purchasing an additional 2,872,288 shares during the period. Truist Financial Corp raised its position in Coterra Energy by 165.3% during the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after purchasing an additional 2,625,126 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Coterra Energy by 34.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,865,527 shares of the company’s stock worth $162,370,000 after buying an additional 1,741,125 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Coterra Energy by 5.9% in 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 last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 1.1%

NYSE:CTRA opened at $28.09 on Friday. The firm has a market capitalization of $21.39 billion, a P/E ratio of 12.94, a PEG ratio of 0.66 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.82. The company’s 50-day simple moving average is $26.25 and its 200 day simple moving average is $24.88.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the business posted $0.32 EPS. Coterra Energy’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The business 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. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. Coterra Energy’s payout ratio is presently 40.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens decreased their target price on Coterra Energy from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. UBS Group upped their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Siebert Williams Shank lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets reduced their price target on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Monday, December 15th. Finally, William Blair started coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target for the company. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.76.

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.