Leeward Investments LLC MA Cuts Stake in Coterra Energy Inc. $CTRA

Leeward Investments LLC MA decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 2.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 336,104 shares of the company’s stock after selling 8,113 shares during the period. Leeward Investments LLC MA’s holdings in Coterra Energy were worth $8,530,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of Coterra Energy by 175.6% in 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 in the last quarter. Raleigh Capital Management Inc. boosted 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 valued at $26,000 after buying an additional 737 shares during the period. Bogart Wealth LLC purchased a new stake in Coterra Energy during the 2nd quarter valued at $26,000. REAP Financial Group LLC boosted its position in 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 buying an additional 726 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Coterra Energy during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Susquehanna dropped their target price on shares of Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price (down from $38.00) on shares of Coterra Energy in a research report on Thursday, September 11th. Morgan Stanley dropped their target price on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Finally, Zacks Research cut shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Coterra Energy Stock Down 0.7%

NYSE:CTRA opened at $23.58 on Monday. The firm has a market cap of $18.00 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.36 and a beta of 0.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $29.95. The firm has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $24.50.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share (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 net margin of 23.80% and a return on equity of 10.99%. The business’s revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently disclosed 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 dividend yield of 3.7%. Coterra Energy’s dividend payout ratio (DPR) 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.