Nisa Investment Advisors LLC Grows Position in Coterra Energy Inc. (NYSE:CTRA)

Nisa Investment Advisors LLC increased its position in Coterra Energy Inc. (NYSE:CTRA) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,930 shares of the company’s stock after buying an additional 574 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Coterra Energy were worth $5,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Coterra Energy by 0.6% in the second quarter. Fifth Third Bancorp now owns 71,138 shares of the company’s stock valued at $1,897,000 after acquiring an additional 399 shares during the period. TCW Group Inc. grew its stake in shares of Coterra Energy by 4.0% in the second quarter. TCW Group Inc. now owns 10,447 shares of the company’s stock worth $279,000 after purchasing an additional 404 shares during the last quarter. Redwood Wealth Management Group LLC raised its holdings in shares of Coterra Energy by 2.3% during the first quarter. Redwood Wealth Management Group LLC now owns 18,974 shares of the company’s stock valued at $529,000 after acquiring an additional 429 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its stake in Coterra Energy by 0.7% in the second quarter. Cornercap Investment Counsel Inc. now owns 66,280 shares of the company’s stock worth $1,768,000 after acquiring an additional 436 shares during the period. Finally, Quent Capital LLC boosted its holdings in Coterra Energy by 8.1% in the first quarter. Quent Capital LLC now owns 5,923 shares of the company’s stock valued at $165,000 after acquiring an additional 445 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Down 0.8 %

Coterra Energy stock opened at $23.93 on Friday. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.41 and a beta of 0.22. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $28.90. The firm has a 50 day moving average of $23.82 and a 200 day moving average of $25.74. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.38 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that Coterra Energy Inc. will post 1.72 earnings per share for the current year.

Analyst Ratings Changes

CTRA has been the subject of a number of research reports. Wolfe Research began coverage on shares of Coterra Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $35.00 price target for the company. Susquehanna lowered their price target on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Truist Financial cut their price objective on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Barclays dropped their price target on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Roth Capital raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $32.06.

About Coterra Energy

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.