Quadrature Capital Ltd Raises Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Quadrature Capital Ltd lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 112.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,395 shares of the company’s stock after purchasing an additional 38,278 shares during the quarter. Quadrature Capital Ltd’s holdings in Coterra Energy were worth $2,018,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Coterra Energy during the fourth quarter worth $33,000. Tennessee Valley Asset Management Partners acquired a new position in Coterra Energy during the fourth quarter worth $33,000. Headlands Technologies LLC grew its holdings in Coterra Energy by 397.7% during the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after acquiring an additional 1,392 shares during the period. Central Pacific Bank Trust Division acquired a new position in Coterra Energy during the first quarter worth $44,000. Finally, Harbor Investment Advisory LLC grew its holdings in Coterra Energy by 869.3% during the first quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after acquiring an additional 1,443 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Scotiabank upped their target price on Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Truist Financial lowered their target price on Coterra Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research began coverage on Coterra Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Coterra Energy Trading Up 0.2 %

NYSE CTRA traded up $0.06 during trading hours on Friday, hitting $25.78. 4,015,303 shares of the company’s stock were exchanged, compared to its average volume of 4,993,731. The business’s 50 day moving average is $27.10 and its 200-day moving average is $26.72. Coterra Energy Inc. has a 12-month low of $23.73 and a 12-month high of $29.89. The firm has a market capitalization of $19.19 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.52 and a beta of 0.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.49.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. As a group, analysts anticipate that Coterra Energy Inc. will post 2.01 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm 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 3.26%. Coterra Energy’s dividend payout ratio (DPR) is presently 48.55%.

Coterra Energy Company 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.