Atria Investments Inc Purchases 12,049 Shares of Coterra Energy Inc. (NYSE:CTRA)

Atria Investments Inc grew its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,562 shares of the company’s stock after buying an additional 12,049 shares during the quarter. Atria Investments Inc’s holdings in Coterra Energy were worth $3,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CTRA. Wetzel Investment Advisors Inc. bought a new stake in shares of Coterra Energy in the 4th quarter worth approximately $33,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Coterra Energy in the 4th quarter worth approximately $33,000. Headlands Technologies LLC raised its holdings in shares of Coterra Energy by 397.7% in the 4th quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after purchasing an additional 1,392 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Coterra Energy in the 1st quarter worth approximately $44,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Coterra Energy by 869.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after purchasing an additional 1,443 shares during the period. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CTRA shares. Citigroup lifted their price objective on shares of Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays started coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Truist Financial reduced their price objective on shares of Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Coterra Energy Trading Down 5.1 %

CTRA stock traded down $1.29 during trading on Friday, reaching $24.11. The company had a trading volume of 13,521,471 shares, compared to its average volume of 5,338,893. The business has a 50 day moving average of $26.87 and a 200 day moving average of $26.71. Coterra Energy Inc. has a 52 week low of $23.73 and a 52 week high of $29.89. 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 cap of $17.94 billion, a P/E ratio of 13.94, a PEG ratio of 1.49 and a beta of 0.24.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Coterra Energy had a net margin of 23.18% and a return on equity of 10.49%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.38 billion. As a group, sell-side analysts forecast that Coterra Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.48%. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

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.