Hara Capital LLC Sells 6,015 Shares of Coterra Energy Inc. (NYSE:CTRA)

Hara Capital LLC reduced its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 54.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,997 shares of the company’s stock after selling 6,015 shares during the period. Hara Capital LLC’s holdings in Coterra Energy were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Coterra Energy during the 1st quarter valued at approximately $44,000. Empirical Finance LLC boosted its position in Coterra Energy by 1.8% during the first quarter. Empirical Finance LLC now owns 60,368 shares of the company’s stock valued at $1,683,000 after acquiring an additional 1,043 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Coterra Energy by 20.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,928 shares of the company’s stock valued at $862,000 after acquiring an additional 5,353 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Coterra Energy by 20.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 58,974 shares of the company’s stock worth $1,644,000 after acquiring an additional 9,843 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Coterra Energy in the 1st quarter valued at about $1,390,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CTRA. Scotiabank lowered their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Roth Capital upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Morgan Stanley reduced their price target on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Stephens raised their target price on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.29.

Coterra Energy Stock Down 0.6 %

CTRA opened at $24.41 on Friday. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $28.90. The firm has a market capitalization of $17.98 billion, a P/E ratio of 14.70, a PEG ratio of 1.42 and a beta of 0.22. The company’s 50-day moving average is $23.76 and its 200 day moving average is $25.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.38.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Coterra Energy’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Research analysts expect that Coterra Energy Inc. will post 1.62 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.21 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.44%. Coterra Energy’s dividend payout ratio (DPR) is presently 50.60%.

About Coterra Energy

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.