National Pension Service Acquires 51,504 Shares of Coterra Energy Inc. $CTRA

National Pension Service grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 4.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,334,680 shares of the company’s stock after purchasing an additional 51,504 shares during the period. National Pension Service owned about 0.17% of Coterra Energy worth $31,565,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CTRA. AAFMAA Wealth Management & Trust LLC increased 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 valued at $1,017,000 after buying an additional 429 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Coterra Energy by 1.5% in the 3rd quarter. Trust Co. of Vermont now owns 30,832 shares of the company’s stock valued at $729,000 after acquiring an additional 454 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Coterra Energy by 2.1% in the 3rd quarter. GAMMA Investing LLC now owns 22,763 shares of the company’s stock valued at $538,000 after acquiring an additional 462 shares in the last quarter. Wellington Shields Capital Management LLC increased its position in shares of Coterra Energy by 5.4% in the second quarter. Wellington Shields Capital Management LLC now owns 9,725 shares of the company’s stock valued at $247,000 after acquiring an additional 500 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC raised its holdings in Coterra Energy by 1.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 50,333 shares of the company’s stock worth $1,277,000 after acquiring an additional 531 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy News Summary

Here are the key news stories impacting Coterra Energy this week:

• Positive Sentiment: Combination creates a large?cap shale operator with a stronger Delaware Basin footprint and operational scale that could drive cost synergies and higher free cash flow potential. Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
• Positive Sentiment: Deal scale (reported at about $58B including debt) positions the merged firm as a top independent U.S. shale producer, which can improve market access and valuation multiples for the combined entity. US shale producers Devon and Coterra to merge in a $58 billion deal
• Positive Sentiment: Large shareholder Kimmeridge publicly supports the transaction, reducing near?term activist friction and improving the odds the deal clears shareholder votes. KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
• Neutral Sentiment: Management held an M&A call and provided integration and synergy commentary; investors should review the call transcript for guidance on expected cost saves and timeline. Coterra Energy Inc. (CTRA) M&A Call Transcript
• Neutral Sentiment: Analysts and value investors are re?assessing CTRA’s valuation and long?term returns in light of the merger — expect revisions to estimates and coverage as pro forma financials emerge. Assessing Coterra Energy (CTRA) Valuation After Recent Share Price Momentum And Long Term Returns
• Negative Sentiment: Multiple shareholder law firms have launched investigations alleging potential breaches of fiduciary duty and unfair pricing (several separate alerts/filings), creating legal overhang and execution risk for shareholders. SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Coterra Energy, Inc. (NYSE: CTRA)
• Negative Sentiment: Short?term selling pressure followed the announcement as investors reacted to deal specifics and fairness concerns; keep an eye on the exchange ratio disclosures and any formal challenges that could delay or alter terms. Devon Energy and Coterra Energy stock falls on merger announcement

Coterra Energy Trading Down 3.5%

CTRA stock opened at $27.84 on Tuesday. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.82. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.69 and a beta of 0.36. The company has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $24.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data 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). The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. Coterra Energy’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Piper Sandler cut their price objective on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Stephens raised their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Morgan Stanley dropped their price target on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Finally, Siebert Williams Shank lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.81.

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.