Yousif Capital Management LLC Raises Stake in Coterra Energy Inc. $CTRA

Yousif Capital Management LLC boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,981 shares of the company’s stock after acquiring an additional 2,806 shares during the quarter. Yousif Capital Management LLC’s holdings in Coterra Energy were worth $2,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CTRA. GAMMA Investing LLC increased its stake in Coterra Energy by 95.8% in the 1st quarter. GAMMA Investing LLC now owns 23,421 shares of the company’s stock worth $677,000 after acquiring an additional 11,459 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Coterra Energy by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,425 shares of the company’s stock worth $1,486,000 after acquiring an additional 1,037 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Coterra Energy by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 251,726 shares of the company’s stock worth $7,275,000 after acquiring an additional 21,733 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Coterra Energy in the 1st quarter worth about $237,000. Finally, QRG Capital Management Inc. increased its stake in Coterra Energy by 25.6% in the 1st quarter. QRG Capital Management Inc. now owns 83,500 shares of the company’s stock worth $2,413,000 after acquiring an additional 17,045 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Price Performance

Shares of Coterra Energy stock opened at $22.82 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $17.41 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.34 and a beta of 0.29. The business’s 50-day moving average price is $23.80 and its 200-day moving average price is $24.61. Coterra Energy Inc. has a 12 month low of $22.33 and a 12 month high of $29.95.

Coterra Energy (NYSE:CTRA) last posted 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 company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. Coterra Energy’s revenue was up 54.6% compared to the same quarter last year. Sell-side analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, August 14th. Coterra Energy’s dividend payout ratio (DPR) is presently 42.11%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group decreased their target price on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday. Scotiabank decreased their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 9th. Barclays reduced their price objective on Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Mizuho reduced their price objective on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.50.

About Coterra Energy

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.