Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 8.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,972 shares of the company’s stock after purchasing an additional 2,963 shares during the quarter. Profund Advisors LLC’s holdings in Coterra Energy were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Coterra Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock worth $2,243,900,000 after acquiring an additional 407,244 shares during the last quarter. Schroder Investment Management Group grew its position in Coterra Energy by 8.7% in the 4th quarter. Schroder Investment Management Group now owns 7,815,648 shares of the company’s stock worth $199,455,000 after purchasing an additional 628,132 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Coterra Energy by 4.4% in the second quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after purchasing an additional 285,774 shares during the period. American Century Companies Inc. raised its holdings in shares of Coterra Energy by 29.1% during the second quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after buying an additional 1,013,107 shares during the last quarter. Finally, Equity Investment Corp boosted its position in shares of Coterra Energy by 0.7% during the second quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock worth $86,082,000 after buying an additional 22,017 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Up 1.4 %

Shares of CTRA opened at $23.99 on Tuesday. The business’s 50-day moving average price is $24.36 and its 200 day moving average price is $26.38. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $17.85 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.16 and a beta of 0.22. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.89.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. Analysts expect that Coterra Energy Inc. will post 1.95 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.50%. Coterra Energy’s payout ratio is currently 48.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on CTRA. UBS Group lowered their target price on Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Bank of America reissued a “buy” rating and set a $34.00 target price on shares of Coterra Energy in a research note on Friday, June 14th. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $29.00 in a research note on Tuesday, August 27th. Finally, Truist Financial decreased their price objective on shares of Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.59.

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.