Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Greenleaf Trust

Greenleaf Trust grew its position in shares of Coterra Energy Inc. (NYSE:CTRAGet Rating) by 28.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,238 shares of the company’s stock after purchasing an additional 5,591 shares during the quarter. Greenleaf Trust’s holdings in Coterra Energy were worth $651,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC purchased a new position in shares of Coterra Energy during the 1st quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in Coterra Energy in the 1st quarter worth $28,000. BerganKDV Wealth Management LLC purchased a new stake in Coterra Energy in the 1st quarter worth $29,000. Eagle Bay Advisors LLC purchased a new stake in Coterra Energy in the 1st quarter worth $29,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Coterra Energy by 239.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,106 shares of the company’s stock worth $29,000 after acquiring an additional 780 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Trading Up 0.1 %

Shares of CTRA stock opened at $27.54 on Thursday. The company’s 50-day moving average price is $28.56 and its 200-day moving average price is $29.37. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.17. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.10 and a beta of 0.23. Coterra Energy Inc. has a twelve month low of $18.39 and a twelve month high of $36.55.

Coterra Energy (NYSE:CTRAGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. Coterra Energy had a net margin of 44.15% and a return on equity of 29.82%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.43 billion. As a group, equities analysts predict that Coterra Energy Inc. will post 4.88 earnings per share for the current year.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.72 dividend on an annualized basis and a yield of 9.88%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.15. Coterra Energy’s dividend payout ratio is presently 12.12%.

Analyst Upgrades and Downgrades

CTRA has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Coterra Energy in a report on Tuesday, October 25th. They issued a “buy” rating and a $40.00 price target for the company. Jefferies Financial Group started coverage on shares of Coterra Energy in a report on Wednesday, October 19th. They set a “hold” rating and a $32.00 target price for the company. Citigroup upped their target price on shares of Coterra Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, September 21st. Wolfe Research raised shares of Coterra Energy from an “underperform” rating to a “peer perform” rating in a report on Monday, November 7th. Finally, Raymond James dropped their target price on shares of Coterra Energy from $42.00 to $36.00 and set an “outperform” rating for the company in a report on Monday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.00.

Coterra Energy Company Profile

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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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

See Also

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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