Stoneridge Investment Partners LLC Purchases 39,871 Shares of Coterra Energy Inc. $CTRA

Stoneridge Investment Partners LLC lifted its position in Coterra Energy Inc. (NYSE:CTRA) by 277.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,252 shares of the company’s stock after buying an additional 39,871 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Coterra Energy were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRA. Blackhawk Capital Partners LLC lifted its position in Coterra Energy by 49.6% during the 3rd quarter. Blackhawk Capital Partners LLC now owns 13,144 shares of the company’s stock worth $311,000 after acquiring an additional 4,355 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Coterra Energy in the third quarter valued at about $4,155,000. Resona Asset Management Co. Ltd. increased its stake in shares of Coterra Energy by 2.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 302,383 shares of the company’s stock worth $7,151,000 after purchasing an additional 7,785 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Coterra Energy by 36.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock worth $19,639,000 after purchasing an additional 220,688 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Coterra Energy by 16.9% during the 3rd quarter. UniSuper Management Pty Ltd now owns 108,971 shares of the company’s stock valued at $2,577,000 after purchasing an additional 15,727 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 0.6%

Shares of CTRA stock opened at $27.44 on Friday. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.82. The stock has a market cap of $20.89 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.61 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a fifty day moving average of $26.10 and a 200-day moving average of $24.80.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. Coterra Energy’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, November 13th. Coterra Energy’s dividend payout ratio is currently 40.55%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CTRA shares. Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Mizuho boosted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Roth Mkm increased their price target on shares of Coterra Energy from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday. Scotiabank set a $31.00 price objective on shares of Coterra Energy in a report on Friday, January 16th. Finally, William Blair began coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price for the company. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.71.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.