Rothschild Investment LLC Purchases 2,489 Shares of Coterra Energy Inc. $CTRA

Rothschild Investment LLC raised its position in Coterra Energy Inc. (NYSE:CTRA) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,313 shares of the company’s stock after purchasing an additional 2,489 shares during the quarter. Rothschild Investment LLC’s holdings in Coterra Energy were worth $1,607,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Coterra Energy by 15.3% in the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock worth $2,416,939,000 after buying an additional 11,102,350 shares during the period. Davis Selected Advisers purchased a new position in Coterra Energy in the 2nd quarter worth about $237,002,000. Vanguard Group Inc. lifted its holdings in Coterra Energy by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company’s stock valued at $2,668,559,000 after buying an additional 3,818,700 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 buying an additional 3,040,963 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Coterra Energy by 165.3% in the second quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after purchasing an additional 2,625,126 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CTRA shares. UBS Group dropped their target price on shares of Coterra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Piper Sandler cut their price target on Coterra Energy from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Wells Fargo & Company upped their price objective on Coterra Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Barclays dropped their price objective on Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Siebert Williams Shank reduced their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, October 13th. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $32.43.

Coterra Energy Trading Down 1.3%

Coterra Energy stock opened at $26.00 on Tuesday. The stock has a 50-day moving average price of $24.17 and a 200 day moving average price of $24.49. The company has a market capitalization of $19.79 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.36 and a beta of 0.30. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $29.95. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 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 $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. Sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. Coterra Energy’s payout ratio is currently 40.55%.

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.