Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Earnest Partners LLC

Earnest Partners LLC grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 37.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,918,569 shares of the company’s stock after purchasing an additional 523,480 shares during the quarter. Earnest Partners LLC owned approximately 0.26% of Coterra Energy worth $53,490,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wetzel Investment Advisors Inc. acquired a new stake in Coterra Energy during the fourth quarter worth approximately $33,000. Tennessee Valley Asset Management Partners acquired a new stake in Coterra Energy during the fourth quarter worth approximately $33,000. Headlands Technologies LLC boosted its position in Coterra Energy by 397.7% during the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after acquiring an additional 1,392 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Coterra Energy during the first quarter worth approximately $44,000. Finally, Harbor Investment Advisory LLC boosted its position in Coterra Energy by 869.3% during the first quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after acquiring an additional 1,443 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTRA. Scotiabank raised their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Piper Sandler increased their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Mizuho increased their price target on shares of Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Barclays began coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, Citigroup increased their price target on shares of Coterra Energy from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Coterra Energy Trading Down 0.2 %

Shares of CTRA stock traded down $0.06 during mid-day trading on Monday, reaching $25.72. The company’s stock had a trading volume of 4,152,006 shares, compared to its average volume of 6,409,896. The company’s 50 day simple moving average is $27.10 and its 200-day simple moving average is $26.73. Coterra Energy Inc. has a 12-month low of $23.73 and a 12-month high of $29.89. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $19.14 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.52 and a beta of 0.24.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. On average, research analysts predict that Coterra Energy Inc. will post 2.01 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

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.