Coterra Energy Inc. $CTRA Stock Position Increased by American National Bank & Trust

American National Bank & Trust boosted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,659 shares of the company’s stock after buying an additional 826 shares during the quarter. American National Bank & Trust’s holdings in Coterra Energy were worth $981,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Coterra Energy by 15.3% in the 1st quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock valued at $2,416,939,000 after purchasing an additional 11,102,350 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Coterra Energy by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company’s stock valued at $2,668,559,000 after purchasing an additional 3,818,700 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Coterra Energy by 5,145.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,100,064 shares of the company’s stock valued at $89,592,000 after purchasing an additional 3,040,963 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Coterra Energy in the 1st quarter valued at $64,173,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Coterra Energy by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,304,940 shares of the company’s stock valued at $731,313,000 after purchasing an additional 1,837,614 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CTRA. Scotiabank reaffirmed an “outperform” rating on shares of Coterra Energy in a research note on Friday, July 11th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price (down from $38.00) on shares of Coterra Energy in a research note on Thursday, September 11th. Piper Sandler upped their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Mizuho decreased their target price on 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, Barclays boosted their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.22.

Coterra Energy Price Performance

Shares of CTRA opened at $23.70 on Friday. Coterra Energy Inc. has a 12-month low of $22.46 and a 12-month high of $29.95. The business has a 50-day simple moving average of $23.94 and a two-hundred day simple moving average of $25.16. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The stock has a market cap of $18.08 billion, a PE ratio of 11.34, a PEG ratio of 0.33 and a beta of 0.34.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. Analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 annualized dividend and a yield of 3.7%. Coterra Energy’s payout ratio is presently 42.11%.

Coterra Energy Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.