Hussman Strategic Advisors Inc. Invests $1.49 Million in Coterra Energy Inc. $CTRA

Hussman Strategic Advisors Inc. bought a new stake in Coterra Energy Inc. (NYSE:CTRA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 63,000 shares of the company’s stock, valued at approximately $1,490,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in shares of Coterra Energy by 11.1% during the third quarter. Truist Financial Corp now owns 4,681,093 shares of the company’s stock worth $110,708,000 after buying an additional 467,778 shares during the period. DSG Capital Advisors LLC raised its holdings in shares of Coterra Energy by 1.2% in the 3rd quarter. DSG Capital Advisors LLC now owns 86,906 shares of the company’s stock valued at $2,055,000 after buying an additional 1,005 shares during the period. Core Alternative Capital lifted its stake in Coterra Energy by 27.6% during the 3rd quarter. Core Alternative Capital now owns 155,939 shares of the company’s stock worth $3,688,000 after acquiring an additional 33,730 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Coterra Energy by 25.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,500 shares of the company’s stock valued at $296,000 after acquiring an additional 2,500 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Coterra Energy in the 3rd quarter valued at about $337,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 1.1%

Shares of NYSE CTRA opened at $27.82 on Thursday. The stock has a market cap of $21.18 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.62 and a beta of 0.36. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.82. The business has a 50-day moving average price of $26.20 and a 200 day moving average price of $24.86. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. Equities research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio (DPR) is 40.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CTRA shares. Wolfe Research increased their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets dropped their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating for the company in a report on Monday, December 15th. Mizuho increased their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Susquehanna raised their price target on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “positive” rating in a research report on Monday. Finally, UBS Group boosted their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Sixteen equities 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 company. According to data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and an average price target of $32.76.

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.