Coterra Energy Inc. $CTRA Shares Sold by Strs Ohio

Strs Ohio cut its stake in Coterra Energy Inc. (NYSE:CTRA) by 79.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,038 shares of the company’s stock after selling 69,707 shares during the period. Strs Ohio’s holdings in Coterra Energy were worth $427,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTRA. Rakuten Investment Management Inc. bought a new position in shares of Coterra Energy in the third quarter worth $2,206,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Coterra Energy by 10.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 522,265 shares of the company’s stock worth $12,352,000 after purchasing an additional 49,572 shares during the period. Root Financial Partners LLC acquired a new stake in Coterra Energy during the 3rd quarter worth about $56,000. Allstate Corp acquired a new stake in shares of Coterra Energy during the third quarter valued at approximately $633,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Coterra Energy by 71.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 83,886 shares of the company’s stock valued at $2,058,000 after acquiring an additional 35,027 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Scotiabank set a $31.00 target price on Coterra Energy in a research report on Friday, January 16th. Mizuho lifted their price target on Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. William Blair started coverage on Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.81.

Coterra Energy Price Performance

CTRA opened at $28.84 on Friday. The stock has a fifty day moving average price of $26.31 and a 200 day moving average price of $24.90. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $29.82. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.66 and a beta of 0.36.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. Analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 40.55%.

Coterra Energy Company Profile

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.