Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Natixis

Natixis decreased its stake in Coterra Energy Inc. (NYSE:CTRA) by 27.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,645 shares of the company’s stock after selling 28,974 shares during the quarter. Natixis’ holdings in Coterra Energy were worth $2,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lake Street Advisors Group LLC acquired a new position in Coterra Energy during the first quarter worth about $291,000. UniSuper Management Pty Ltd boosted its position in Coterra Energy by 425.1% during the first quarter. UniSuper Management Pty Ltd now owns 44,050 shares of the company’s stock worth $1,228,000 after acquiring an additional 35,661 shares during the last quarter. Clearbridge Investments LLC acquired a new position in Coterra Energy during the first quarter worth about $28,967,000. Intech Investment Management LLC boosted its position in Coterra Energy by 511.8% during the first quarter. Intech Investment Management LLC now owns 55,402 shares of the company’s stock worth $1,545,000 after acquiring an additional 46,346 shares during the last quarter. Finally, Poehling Capital Management INC. boosted its position in Coterra Energy by 0.8% during the first quarter. Poehling Capital Management INC. now owns 70,632 shares of the company’s stock worth $1,969,000 after acquiring an additional 533 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 0.2 %

Shares of CTRA stock traded down $0.06 during trading on Thursday, reaching $25.73. The company’s stock had a trading volume of 5,255,748 shares, compared to its average volume of 6,442,656. 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 $19.15 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.18 and a beta of 0.24. The stock’s 50-day moving average price is $27.19 and its 200 day moving average price is $26.72. Coterra Energy Inc. has a 1-year low of $23.73 and a 1-year high of $29.89.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. On average, research analysts anticipate that Coterra Energy Inc. will post 2.04 EPS for the current year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.26%. The ex-dividend date was Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is presently 48.55%.

Analysts Set New Price Targets

A number of equities analysts have commented on CTRA shares. Scotiabank lifted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Mizuho lifted their target price on shares of Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Barclays started coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $36.00 target price on the stock. Citigroup lifted their target price on shares of Coterra Energy from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Truist Financial reduced their target price on shares of Coterra Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.94.

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.