Legacy Investment Solutions LLC Invests $65,000 in Coterra Energy Inc. $CTRA

Legacy Investment Solutions LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,559 shares of the company’s stock, valued at approximately $65,000.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Coterra Energy during the 2nd quarter worth about $26,000. REAP Financial Group LLC raised its position in shares of Coterra Energy by 190.1% during the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after acquiring an additional 726 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Coterra Energy in the first quarter worth approximately $29,000. TCTC Holdings LLC boosted its holdings in Coterra Energy by 51.0% in the first quarter. TCTC Holdings LLC now owns 1,771 shares of the company’s stock valued at $51,000 after acquiring an additional 598 shares during the last quarter. Finally, Quarry LP boosted its holdings in Coterra Energy by 69.2% in the first quarter. Quarry LP now owns 2,147 shares of the company’s stock valued at $62,000 after acquiring an additional 878 shares during the last quarter. 87.92% of the stock is owned by institutional investors.

Coterra Energy Trading Up 0.9%

CTRA opened at $26.61 on Friday. The company has a fifty day moving average price of $23.92 and a two-hundred day moving average price of $24.45. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $29.95. The company has a market cap of $20.30 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.36 and a beta of 0.30. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 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 $558.00 million during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 33.7% on a year-over-year basis. Analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, November 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. Coterra Energy’s payout ratio is currently 40.55%.

Analyst Ratings Changes

CTRA has been the subject of several analyst reports. Barclays lowered their price target on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Wolfe Research lowered their target price on shares of Coterra Energy from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Siebert Williams Shank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. lowered their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $32.43.

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.