Coterra Energy Inc. $CTRA Stock Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 32.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,230 shares of the company’s stock after buying an additional 21,326 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Coterra Energy were worth $2,063,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CTRA. Steigerwald Gordon & Koch Inc. bought a new position in Coterra Energy during the third quarter worth $50,000. Benjamin Edwards Inc. acquired a new stake in shares of Coterra Energy during the third quarter worth $308,000. HB Wealth Management LLC lifted its position in shares of Coterra Energy by 29.8% in the 3rd quarter. HB Wealth Management LLC now owns 19,275 shares of the company’s stock worth $456,000 after buying an additional 4,429 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Coterra Energy by 80.2% in the 3rd quarter. Moran Wealth Management LLC now owns 210,427 shares of the company’s stock valued at $4,977,000 after buying an additional 93,684 shares during the period. Finally, Outfitters Financial LLC grew its position in shares of Coterra Energy by 9.3% during the 3rd quarter. Outfitters Financial LLC now owns 33,656 shares of the company’s stock valued at $796,000 after buying an additional 2,875 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTRA. Raymond James Financial raised their target price on shares of Coterra Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Siebert Williams Shank cut their price target on Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Piper Sandler reduced their price objective on Coterra Energy from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. William Blair started coverage on Coterra Energy in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Johnson Rice cut their target price on Coterra Energy from $38.00 to $37.00 in a research note on Friday, December 5th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.52.

Coterra Energy Trading Up 1.1%

Shares of CTRA stock opened at $25.20 on Wednesday. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $29.95. The firm has a market capitalization of $19.19 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.39 and a beta of 0.36. The stock has a fifty day moving average of $26.10 and a two-hundred day moving average of $24.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. As a group, research analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio is currently 40.55%.

Coterra Energy Company 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.