Coterra Energy Inc. (NYSE:CTRA) Stock Position Increased by Ancora Advisors LLC

Ancora Advisors LLC lifted its position in Coterra Energy Inc. (NYSE:CTRA) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,455 shares of the company’s stock after buying an additional 2,130 shares during the period. Ancora Advisors LLC’s holdings in Coterra Energy were worth $2,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTRA. Redwood Wealth Management Group LLC raised its position in shares of Coterra Energy by 2.3% during the first quarter. Redwood Wealth Management Group LLC now owns 18,974 shares of the company’s stock worth $529,000 after purchasing an additional 429 shares during the period. Stone House Investment Management LLC grew its stake in Coterra Energy by 32.4% in the fourth quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after purchasing an additional 438 shares in the last quarter. Quent Capital LLC grew its stake in Coterra Energy by 8.1% in the first quarter. Quent Capital LLC now owns 5,924 shares of the company’s stock valued at $165,000 after purchasing an additional 446 shares in the last quarter. Financial Advisors Network Inc. grew its stake in Coterra Energy by 3.6% in the fourth quarter. Financial Advisors Network Inc. now owns 14,575 shares of the company’s stock valued at $372,000 after purchasing an additional 501 shares in the last quarter. Finally, Poehling Capital Management INC. grew its stake in Coterra Energy by 0.8% in the first quarter. Poehling Capital Management INC. now owns 70,632 shares of the company’s stock valued at $1,969,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of CTRA stock traded up $0.10 during trading hours on Wednesday, hitting $25.80. The company had a trading volume of 5,202,631 shares, compared to its average volume of 6,393,311. 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 $19.20 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.51 and a beta of 0.24. The firm’s fifty day moving average is $27.00 and its 200 day moving average is $26.74. 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 quarterly earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. On average, sell-side analysts predict that Coterra Energy Inc. will post 2.01 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. Coterra Energy’s dividend payout ratio is currently 48.55%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Scotiabank boosted their price target on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Susquehanna boosted their price target on Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday, May 7th. Barclays assumed coverage on Coterra Energy in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Wolfe Research started coverage on Coterra Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $35.00 price target for the company. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $33.94.

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.