Vest Financial LLC Has $1.18 Million Stock Holdings in Coterra Energy Inc. $CTRA

Vest Financial LLC reduced its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 40.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,759 shares of the company’s stock after selling 33,873 shares during the period. Vest Financial LLC’s holdings in Coterra Energy were worth $1,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Davis Selected Advisers bought a new stake in Coterra Energy in the second quarter valued at $237,002,000. Vanguard Group Inc. boosted its stake in shares of Coterra Energy by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock valued at $2,416,429,000 after purchasing an additional 2,872,288 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Coterra Energy by 165.3% in the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock worth $106,934,000 after purchasing an additional 2,625,126 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Coterra Energy by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock worth $680,197,000 after purchasing an additional 1,495,553 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Coterra Energy during the 2nd quarter valued at about $29,149,000. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CTRA shares. Wolfe Research decreased their target price on Coterra Energy from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Susquehanna lowered their price objective on shares of Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, October 20th. William Blair began coverage on shares of Coterra Energy in a research report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 target price on the stock. Finally, Siebert Williams Shank decreased their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Coterra Energy Trading Up 0.6%

CTRA opened at $27.44 on Friday. The firm’s fifty day moving average is $26.10 and its two-hundred day moving average is $24.81. The firm has a market cap of $20.89 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.60 and a beta of 0.36. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $29.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. Coterra Energy’s dividend payout ratio is currently 40.55%.

Coterra Energy 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.