Coterra Energy Inc. $CTRA Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 39,953 shares of the company’s stock after buying an additional 3,325 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Coterra Energy were worth $1,015,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of Coterra Energy by 175.6% during the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of Coterra Energy by 463.5% during the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 737 shares during the period. REAP Financial Group LLC increased its holdings in shares of Coterra Energy by 190.1% during the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after purchasing an additional 726 shares during the period. Banque Cantonale Vaudoise acquired a new position in Coterra Energy during the first quarter worth about $29,000. Finally, Wayfinding Financial LLC acquired a new position in Coterra Energy during the first quarter worth about $34,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 target price (down from $38.00) on shares of Coterra Energy in a report on Thursday, September 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 target price on shares of Coterra Energy in a report on Tuesday, July 1st. Finally, Scotiabank lowered their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.06.

Coterra Energy Trading Down 3.6%

Shares of CTRA opened at $22.78 on Friday. The business’s 50-day moving average price is $23.90 and its 200 day moving average price is $24.81. The stock has a market capitalization of $17.38 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.33 and a beta of 0.29. Coterra Energy Inc. has a 1-year low of $22.46 and a 1-year high of $29.95. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The company’s revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. Analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.9%. Coterra Energy’s dividend payout ratio (DPR) is currently 42.11%.

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.