Register Financial Advisors LLC Takes Position in Coterra Energy Inc. (NYSE:CTRA)

Register Financial Advisors LLC purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,833 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in Coterra Energy during the fourth quarter valued at $33,000. Tennessee Valley Asset Management Partners bought a new stake in Coterra Energy during the fourth quarter valued at $33,000. VisionPoint Advisory Group LLC boosted its stake in Coterra Energy by 133.3% during the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock valued at $35,000 after buying an additional 740 shares during the period. Headlands Technologies LLC boosted its stake in Coterra Energy by 397.7% during the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock valued at $44,000 after buying an additional 1,392 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in Coterra Energy by 869.3% during the first quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock valued at $45,000 after buying an additional 1,443 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Mizuho lifted their price objective on Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Truist Financial raised Coterra Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $35.00 in a research note on Thursday, May 16th. Stifel Nicolaus dropped their price target on Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Morgan Stanley lifted their price target on Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler lifted their price target on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $33.93.

Coterra Energy Trading Down 0.7 %

CTRA opened at $26.65 on Friday. The business has a 50 day moving average of $27.65 and a 200-day moving average of $26.56. The stock has a market cap of $19.83 billion, a PE ratio of 15.40, a PEG ratio of 1.26 and a beta of 0.21. Coterra Energy Inc. has a 52 week low of $23.73 and a 52 week high of $29.89. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16.

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

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given 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 yield of 3.15%. Coterra Energy’s dividend payout ratio (DPR) is presently 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.