Baader Bank Aktiengesellschaft Acquires Shares of 25,146 Coterra Energy Inc. (NYSE:CTRA)

Baader Bank Aktiengesellschaft acquired a new position in Coterra Energy Inc. (NYSE:CTRA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,146 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors have also recently bought and sold shares of CTRA. Geode Capital Management LLC grew its position in shares of Coterra Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company’s stock worth $486,528,000 after buying an additional 96,059 shares during the period. Victory Capital Management Inc. boosted its stake in Coterra Energy by 5.7% in the first quarter. Victory Capital Management Inc. now owns 18,828,688 shares of the company’s stock valued at $544,149,000 after acquiring an additional 1,019,995 shares during the last quarter. Invesco Ltd. grew its holdings in Coterra Energy by 9.0% during the 4th quarter. Invesco Ltd. now owns 12,232,484 shares of the company’s stock worth $312,418,000 after acquiring an additional 1,011,166 shares during the period. Northern Trust Corp raised its position in shares of Coterra Energy by 7.0% during the 4th quarter. Northern Trust Corp now owns 8,777,764 shares of the company’s stock valued at $224,184,000 after acquiring an additional 571,193 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Coterra Energy by 13.7% during the 4th quarter. Deutsche Bank AG now owns 6,075,429 shares of the company’s stock valued at $155,166,000 after acquiring an additional 732,928 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.4%

CTRA stock opened at $24.31 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. The stock has a market capitalization of $18.55 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.33 and a beta of 0.35. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business has a 50-day moving average of $25.15 and a 200-day moving average of $26.27.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The firm had revenue of $924.00 million for the quarter, compared to analysts’ expectations of $1.92 billion. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 51.16%.

Wall Street Analysts Forecast Growth

CTRA has been the subject of a number of analyst reports. Susquehanna decreased their price objective on Coterra Energy from $34.00 to $32.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley set a $28.00 target price on Coterra Energy in a research report on Tuesday, April 15th. Pickering Energy Partners cut Coterra Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $31.00 price objective on shares of Coterra Energy in a research note on Tuesday, July 1st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Coterra Energy in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and a consensus price target of $33.16.

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.