Foster & Motley Inc. Sells 3,912 Shares of Coterra Energy Inc. (NYSE:CTRA)

Foster & Motley Inc. cut its stake in Coterra Energy Inc. (NYSE:CTRA) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,161 shares of the company’s stock after selling 3,912 shares during the period. Foster & Motley Inc.’s holdings in Coterra Energy were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. King Luther Capital Management Corp boosted its holdings in Coterra Energy by 4.4% in the 2nd quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after purchasing an additional 285,774 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Coterra Energy by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock valued at $135,055,000 after acquiring an additional 51,249 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Coterra Energy by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after acquiring an additional 1,013,107 shares in the last quarter. Equity Investment Corp boosted its position in shares of Coterra Energy by 0.7% during the 2nd quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock valued at $86,082,000 after acquiring an additional 22,017 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Coterra Energy by 4.6% during the 1st quarter. Captrust Financial Advisors now owns 2,952,024 shares of the company’s stock valued at $78,422,000 after acquiring an additional 128,720 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Coterra Energy Trading Down 0.6 %

Shares of NYSE CTRA opened at $24.41 on Friday. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $28.90. The company has a market cap of $17.98 billion, a PE ratio of 14.70, a P/E/G ratio of 1.42 and a beta of 0.22. The company has a current ratio of 1.61, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $23.76 and a two-hundred day moving average of $25.60.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business 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%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. As a group, equities analysts expect that Coterra Energy Inc. will post 1.62 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Coterra Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $35.00 target price on the stock. Truist Financial decreased their target price on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Barclays decreased their target price on shares of Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Roth Capital upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Mizuho boosted their price target on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $31.29.

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.