Leeward Investments LLC MA Sells 8,113 Shares of Coterra Energy Inc. $CTRA

Leeward Investments LLC MA lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 336,104 shares of the company’s stock after selling 8,113 shares during the period. Leeward Investments LLC MA’s holdings in Coterra Energy were worth $8,530,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. DDD Partners LLC increased its position in Coterra Energy by 2.3% during the second quarter. DDD Partners LLC now owns 490,124 shares of the company’s stock valued at $12,439,000 after acquiring an additional 11,186 shares during the last quarter. AlphaQuest LLC increased its position in Coterra Energy by 52.4% during the second quarter. AlphaQuest LLC now owns 15,125 shares of the company’s stock valued at $384,000 after acquiring an additional 5,203 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Coterra Energy by 17.7% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,003,404 shares of the company’s stock valued at $50,846,000 after acquiring an additional 300,627 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Coterra Energy by 11.1% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 10,000 shares of the company’s stock valued at $254,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in Coterra Energy by 72.2% during the second quarter. Catalyst Capital Advisors LLC now owns 2,720 shares of the company’s stock valued at $69,000 after acquiring an additional 1,140 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

CTRA stock opened at $23.58 on Monday. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.36 and a beta of 0.29. The firm has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $24.50. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Coterra Energy’s dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTRA. Scotiabank cut their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 9th. Stephens cut their price target on shares of Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Morgan Stanley cut 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 report on Tuesday, October 14th. Barclays cut their price target on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Piper Sandler cut their price target on shares of Coterra Energy from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $32.60.

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.