Charles Schwab Investment Management Inc. Has $530.65 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Charles Schwab Investment Management Inc. grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 1.4% during the third quarter, Holdings Channel.com reports. The firm owned 22,156,361 shares of the company’s stock after buying an additional 305,626 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Coterra Energy were worth $530,645,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd raised its holdings in Coterra Energy by 112.2% in the 1st quarter. Quadrature Capital Ltd now owns 72,395 shares of the company’s stock worth $2,018,000 after acquiring an additional 38,278 shares during the period. Raymond James & Associates grew its holdings in Coterra Energy by 5.0% in the 2nd quarter. Raymond James & Associates now owns 1,187,663 shares of the company’s stock valued at $31,675,000 after buying an additional 56,748 shares during the last quarter. MQS Management LLC bought a new position in Coterra Energy in the 3rd quarter worth approximately $776,000. Disciplined Growth Investors Inc. MN raised its stake in 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 purchasing an additional 51,249 shares during the last quarter. Finally, National Pension Service boosted its holdings in Coterra Energy by 14.0% in the 3rd quarter. National Pension Service now owns 1,335,880 shares of the company’s stock valued at $31,994,000 after purchasing an additional 164,048 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Price Performance

CTRA opened at $27.45 on Friday. The firm has a market cap of $20.22 billion, a P/E ratio of 16.54, a PEG ratio of 1.71 and a beta of 0.22. The firm has a 50-day moving average of $24.17 and a 200 day moving average of $25.44. 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 fifty-two week low of $22.30 and a fifty-two week high of $28.90.

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

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 3.06%. Coterra Energy’s payout ratio is currently 50.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CTRA shares. Truist Financial lifted their target price on Coterra Energy from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Mizuho lifted their target price on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Piper Sandler increased their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Scotiabank reduced their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.41.

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.