Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in Coterra Energy Inc. $CTRA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 11.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 187,194 shares of the company’s stock after purchasing an additional 18,779 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coterra Energy were worth $4,751,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of Coterra Energy during the second quarter valued at approximately $26,000. REAP Financial Group LLC lifted its holdings in 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 buying an additional 726 shares during the period. Banque Cantonale Vaudoise bought a new stake in Coterra Energy during the 1st quarter valued at $29,000. Tobam boosted its position in Coterra Energy by 50.9% during the 2nd quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after acquiring an additional 615 shares in the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Coterra Energy by 51.0% in the 1st 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 period. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

CTRA opened at $26.18 on Wednesday. The company has a market cap of $19.93 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.36 and a beta of 0.30. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $24.21 and its 200-day moving average price is $24.49. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.95.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 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 $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The business 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 of this dividend is Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. Coterra Energy’s payout ratio is 40.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Siebert Williams Shank decreased their price objective on Coterra Energy from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Coterra Energy in a research report on Thursday, November 13th. Piper Sandler cut their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank decreased their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 9th. Finally, Mizuho lowered their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Seventeen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and an average price target of $32.38.

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.