Blair William & Co. IL Sells 4,825 Shares of Coterra Energy Inc. $CTRA

Blair William & Co. IL decreased its position in Coterra Energy Inc. (NYSE:CTRA) by 18.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 21,035 shares of the company’s stock after selling 4,825 shares during the quarter. Blair William & Co. IL’s holdings in Coterra Energy were worth $534,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Coterra Energy by 1.9% in the second quarter. US Bancorp DE now owns 1,910,495 shares of the company’s stock valued at $48,488,000 after acquiring an additional 35,880 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Coterra Energy by 32.3% during the second quarter. Tectonic Advisors LLC now owns 19,620 shares of the company’s stock worth $498,000 after buying an additional 4,786 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in Coterra Energy by 65.3% during the second quarter. Vontobel Holding Ltd. now owns 13,306 shares of the company’s stock worth $338,000 after buying an additional 5,254 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Coterra Energy by 7.5% during the second quarter. Maryland State Retirement & Pension System now owns 36,665 shares of the company’s stock worth $931,000 after buying an additional 2,543 shares during the last quarter. Finally, WESPAC Advisors LLC boosted its holdings in Coterra Energy by 44.9% during the second quarter. WESPAC Advisors LLC now owns 25,046 shares of the company’s stock worth $636,000 after buying an additional 7,764 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CTRA shares. Piper Sandler raised their target price on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Morgan Stanley reduced their target price on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a report on Wednesday, October 8th. Barclays reduced their target price on Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $34.00 target price (down previously from $38.00) on shares of Coterra Energy in a report on Thursday, September 11th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Coterra Energy Stock Up 1.0%

Shares of Coterra Energy stock opened at $22.82 on Friday. The business’s 50 day simple moving average is $23.80 and its 200 day simple moving average is $24.61. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.95. The firm has a market cap of $17.41 billion, a PE ratio of 10.92, a P/E/G ratio of 0.34 and a beta of 0.29. 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 announced its earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. On average, analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.9%. Coterra Energy’s payout ratio is 42.11%.

Coterra Energy Company 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.