Commerzbank Aktiengesellschaft FI Decreases Stake in Coterra Energy Inc. $CTRA

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 24.9% during the 4th quarter, HoldingsChannel reports. The fund owned 57,617 shares of the company’s stock after selling 19,147 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Coterra Energy were worth $1,516,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in Coterra Energy by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after buying an additional 398 shares in the last quarter. KLCM Advisors Inc. lifted its stake in Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after buying an additional 400 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Coterra Energy by 2.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock worth $363,000 after purchasing an additional 415 shares in the last quarter. Profund Advisors LLC lifted its stake in Coterra Energy by 1.4% in the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock worth $732,000 after purchasing an additional 418 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC lifted its stake in Coterra Energy by 1.0% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after purchasing an additional 429 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CTRA shares. Weiss Ratings raised shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Zacks Research raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Raymond James Financial raised their target price on shares of Coterra Energy from $34.00 to $41.00 in a research note on Monday, March 9th. Siebert Williams Shank lowered shares of Coterra Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Jefferies Financial Group raised their target price on shares of Coterra Energy from $28.00 to $33.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $37.32.

Coterra Energy Stock Down 0.9%

Shares of NYSE CTRA opened at $32.25 on Friday. The company has a 50 day simple moving average of $33.26 and a 200-day simple moving average of $29.30. The company has a market capitalization of $24.49 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $36.88.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.28). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.25 billion. Coterra Energy had a return on equity of 10.43% and a net margin of 22.46%. On average, equities research analysts predict that Coterra Energy Inc. will post 2.87 earnings per share for the current year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. Coterra Energy’s dividend payout ratio (DPR) is currently 38.60%.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.