Fuller & Thaler Asset Management Inc. Boosts Stock Holdings in Coterra Energy Inc. $CTRA

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,900 shares of the company’s stock after purchasing an additional 81,432 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Coterra Energy were worth $7,887,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new position in Coterra Energy during the fourth quarter worth approximately $942,000. State of Tennessee Department of Treasury raised its stake in Coterra Energy by 7.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company’s stock worth $12,075,000 after purchasing an additional 31,425 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Coterra Energy during the fourth quarter worth approximately $641,000. Allspring Global Investments Holdings LLC raised its stake in Coterra Energy by 7.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 123,054 shares of the company’s stock worth $3,577,000 after purchasing an additional 8,726 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in Coterra Energy during the first quarter worth approximately $233,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CTRA shares. Raymond James Financial set a $38.00 price target on shares of Coterra Energy and gave the stock an “outperform” rating in a research note on Friday, June 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $31.00 target price on shares of Coterra Energy in a research note on Tuesday, July 1st. Piper Sandler raised their target price on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Bank of America cut their target price on shares of Coterra Energy from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Finally, Barclays raised their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.37.

Coterra Energy Stock Performance

Coterra Energy stock opened at $23.2050 on Thursday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.31 and a beta of 0.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08. The firm’s fifty day moving average price is $24.80 and its 200 day moving average price is $25.76.

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

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.88 annualized dividend and a yield of 3.8%. Coterra Energy’s payout ratio is 42.11%.

Coterra Energy Profile

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.