Coterra Energy Inc. $CTRA Shares Bought by Versor Investments LP

Versor Investments LP raised its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 62.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,822 shares of the company’s stock after buying an additional 14,222 shares during the quarter. Versor Investments LP’s holdings in Coterra Energy were worth $935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Coterra Energy by 7.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 123,054 shares of the company’s stock valued at $3,577,000 after buying an additional 8,726 shares during the period. Truist Financial Corp boosted its holdings in shares of Coterra Energy by 165.3% in the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after buying an additional 2,625,126 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Coterra Energy in the 1st quarter valued at about $233,000. Nordea Investment Management AB boosted its holdings in shares of Coterra Energy by 43.2% in the 2nd quarter. Nordea Investment Management AB now owns 57,542 shares of the company’s stock valued at $1,468,000 after buying an additional 17,373 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Coterra Energy by 15.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 785,835 shares of the company’s stock valued at $19,944,000 after purchasing an additional 104,999 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

CTRA has been the topic of several recent research reports. Zacks Research downgraded shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Piper Sandler cut their price objective on shares of Coterra Energy from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Raymond James Financial decreased their price objective on Coterra Energy from $34.00 to $28.00 in a report on Tuesday, October 28th. Barclays decreased their price objective on Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Mizuho decreased their price objective on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.30.

Coterra Energy Stock Up 1.2%

CTRA stock opened at $23.69 on Monday. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $29.95. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.36 and a beta of 0.29. The firm’s 50-day moving average is $23.76 and its two-hundred day moving average is $24.43. 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 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 company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. On average, analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

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.