Trust Co. of Vermont Increases Position in Coterra Energy Inc. (NYSE:CTRA)

Trust Co. of Vermont increased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,039 shares of the company’s stock after acquiring an additional 1,029 shares during the quarter. Trust Co. of Vermont’s holdings in Coterra Energy were worth $961,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. increased its position in shares of Coterra Energy by 33.2% in the 2nd quarter. Mather Group LLC. now owns 18,319 shares of the company’s stock worth $511,000 after purchasing an additional 4,568 shares during the last quarter. DNB Asset Management AS increased its holdings in Coterra Energy by 0.9% in the second quarter. DNB Asset Management AS now owns 139,764 shares of the company’s stock valued at $3,728,000 after buying an additional 1,295 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in Coterra Energy by 12.3% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 18,132 shares of the company’s stock valued at $463,000 after buying an additional 1,992 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Coterra Energy by 61.3% during the 2nd quarter. GAMMA Investing LLC now owns 11,041 shares of the company’s stock worth $294,000 after buying an additional 4,195 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its position in shares of Coterra Energy by 16.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 11,557 shares of the company’s stock worth $295,000 after acquiring an additional 1,658 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of Coterra Energy stock traded up $0.26 on Tuesday, hitting $23.51. The company had a trading volume of 7,398,699 shares, compared to its average volume of 6,484,277. Coterra Energy Inc. has a 52 week low of $23.18 and a 52 week high of $29.89. The company has a market cap of $17.50 billion, a PE ratio of 13.59, a PEG ratio of 1.49 and a beta of 0.24. The business has a 50-day simple moving average of $26.71 and a 200-day simple moving average of $26.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. Coterra Energy had a net margin of 23.18% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Research analysts expect that Coterra Energy Inc. will post 2.02 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, August 15th. Coterra Energy’s payout ratio is 48.55%.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several research reports. Wolfe Research started coverage on Coterra Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price target on the stock. Piper Sandler increased their target price on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Citigroup lifted their price target on shares of Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 24th. Morgan Stanley raised their target price on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, Truist Financial lowered their target price on Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.