Global Assets Advisory LLC Takes $4.11 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Global Assets Advisory LLC bought a new position in shares of Coterra Energy Inc. (NYSE:CTRA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 147,453 shares of the company’s stock, valued at approximately $4,111,000.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC increased its position in shares of Coterra Energy by 32.4% in the fourth quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock worth $46,000 after purchasing an additional 438 shares during the period. Financial Advisors Network Inc. raised its holdings in Coterra Energy by 3.6% during the 4th quarter. Financial Advisors Network Inc. now owns 14,575 shares of the company’s stock worth $372,000 after purchasing an additional 501 shares during the last quarter. Trust Co. of Vermont raised its stake in Coterra Energy by 1.9% during the third quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after buying an additional 503 shares during the last quarter. Cascade Investment Advisors Inc. lifted its stake in shares of Coterra Energy by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 51,140 shares of the company’s stock valued at $1,305,000 after purchasing an additional 535 shares during the period. Finally, SevenBridge Financial Group LLC boosted its holdings in shares of Coterra Energy by 5.0% during the 4th quarter. SevenBridge Financial Group LLC now owns 11,353 shares of the company’s stock worth $290,000 after buying an additional 543 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of several research reports. Bank of America restated a “buy” rating and set a $34.00 price objective on shares of Coterra Energy in a report on Friday, June 14th. Truist Financial upgraded Coterra Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $35.00 in a research report on Thursday, May 16th. Stifel Nicolaus cut their price objective on Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Mizuho lifted their price target on Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Susquehanna lifted their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and a consensus price target of $33.93.

Coterra Energy Trading Up 3.9 %

CTRA stock opened at $27.65 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The company has a market capitalization of $20.58 billion, a PE ratio of 15.98, a P/E/G ratio of 1.23 and a beta of 0.21. The firm’s 50-day moving average is $27.67 and its 200 day moving average is $26.52. Coterra Energy Inc. has a 12 month low of $23.65 and a 12 month high of $29.89.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. On average, research analysts anticipate that Coterra Energy Inc. will post 2 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.04%. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

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.