New York State Teachers Retirement System Purchases 6,122 Shares of Coterra Energy Inc. $CTRA

New York State Teachers Retirement System raised its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 867,423 shares of the company’s stock after purchasing an additional 6,122 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Coterra Energy worth $22,015,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTRA. Cornerstone Planning Group LLC grew its stake in shares of Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 737 shares during the period. REAP Financial Group LLC grew its stake in shares of 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 during the period. Banque Cantonale Vaudoise bought a new stake in shares of Coterra Energy during the 1st quarter valued at about $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Coterra Energy during the 1st quarter valued at about $34,000. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CTRA. JPMorgan Chase & Co. lifted their price objective on Coterra Energy from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Roth Capital lowered their price objective on Coterra Energy from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research cut Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. UBS Group lowered their price objective on Coterra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Piper Sandler lifted their price objective on Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $32.50.

Coterra Energy Stock Up 1.0%

NYSE CTRA opened at $22.82 on Friday. The stock’s 50 day moving average is $23.80 and its 200 day moving average is $24.61. 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 Inc. has a 12 month low of $22.33 and a 12 month high of $29.95. The stock has a market cap of $17.41 billion, a PE ratio of 10.92, a P/E/G ratio of 0.34 and a beta of 0.29.

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

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.9%. Coterra Energy’s payout ratio is currently 42.11%.

Coterra Energy Company 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.