Coterra Energy Inc. $CTRA Stock Position Decreased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Coterra Energy Inc. (NYSE:CTRA) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 472,693 shares of the company’s stock after selling 74,120 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Coterra Energy worth $11,997,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CTRA. Horizon Investments LLC lifted its holdings in Coterra Energy by 4.5% in the 1st quarter. Horizon Investments LLC now owns 10,935 shares of the company’s stock worth $316,000 after purchasing an additional 474 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in shares of Coterra Energy by 4.0% during the first quarter. Argonautica Private Wealth Management Inc. now owns 12,282 shares of the company’s stock worth $355,000 after buying an additional 477 shares during the last quarter. Wellington Shields Capital Management LLC boosted its holdings in Coterra Energy by 5.4% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 9,725 shares of the company’s stock valued at $247,000 after purchasing an additional 500 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Coterra Energy by 5.3% during the second quarter. Fifth Third Wealth Advisors LLC now owns 10,534 shares of the company’s stock valued at $267,000 after acquiring an additional 533 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Coterra Energy by 26.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,685 shares of the company’s stock valued at $68,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Down 1.5%

Shares of NYSE CTRA opened at $25.77 on Thursday. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $29.95. The company has a 50-day moving average of $24.24 and a two-hundred day moving average of $24.50. The company has a market cap of $19.62 billion, a PE ratio of 12.33, a P/E/G 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 posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, equities analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, November 13th. Coterra Energy’s dividend payout ratio is 40.55%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna lowered their price target on Coterra Energy from $32.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. The Goldman Sachs Group lowered their target price on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Scotiabank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. Morgan Stanley decreased their price objective on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Seventeen 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. According to data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.