Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC lowered its stake in Coterra Energy Inc. (NYSE:CTRA) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,425 shares of the company’s stock after selling 2,586 shares during the period. Hilton Capital Management LLC’s holdings in Coterra Energy were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Blair William & Co. IL lifted its position in shares of Coterra Energy by 9.0% during the 1st quarter. Blair William & Co. IL now owns 25,606 shares of the company’s stock worth $714,000 after purchasing an additional 2,112 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Coterra Energy in the first quarter valued at about $291,000. Shell Asset Management Co. increased its position in Coterra Energy by 39.2% during the 1st quarter. Shell Asset Management Co. now owns 46,647 shares of the company’s stock worth $1,301,000 after purchasing an additional 13,136 shares during the period. CreativeOne Wealth LLC grew its holdings in Coterra Energy by 130.3% during the first quarter. CreativeOne Wealth LLC now owns 56,860 shares of the company’s stock worth $1,586,000 after acquiring an additional 32,173 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Coterra Energy by 30.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,276,031 shares of the company’s stock valued at $35,576,000 after purchasing an additional 294,400 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

CTRA stock opened at $26.83 on Thursday. The firm has a market cap of $19.76 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The stock has a 50-day simple moving average of $24.09 and a 200-day simple moving average of $25.43.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. On average, equities analysts predict that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.21 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.13%. Coterra Energy’s payout ratio is currently 50.60%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTRA. Susquehanna lifted their price target on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Scotiabank decreased their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Truist Financial upped their target price on Coterra Energy from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. decreased their price target on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, UBS Group upped their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $32.41.

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.