Donald L. Hagan LLC Lowers Stake in Coterra Energy Inc. $CTRA

Donald L. Hagan LLC reduced its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,990 shares of the company’s stock after selling 764 shares during the period. Donald L. Hagan LLC’s holdings in Coterra Energy were worth $888,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTRA. Cornerstone Planning Group LLC grew its position in Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock worth $25,000 after purchasing an additional 555 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 737 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Coterra Energy during the 1st quarter worth $29,000. Wayfinding Financial LLC purchased a new stake in shares of Coterra Energy in the first quarter valued at about $34,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Coterra Energy in the first quarter valued at about $46,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Up 0.0%

CTRA stock opened at $23.65 on Wednesday. The company has a market cap of $18.05 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.33 and a beta of 0.34. Coterra Energy Inc. has a 52 week low of $22.46 and a 52 week high of $29.95. The company’s 50-day moving average price is $23.94 and its 200 day moving average price is $25.07. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. On average, research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CTRA. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Mizuho lowered their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Piper Sandler lifted their target price on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Scotiabank reaffirmed an “outperform” rating on shares of Coterra Energy in a report on Friday, July 11th. Finally, Barclays lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.22.

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.