Dynamic Technology Lab Private Ltd Invests $854,000 in Coterra Energy Inc. $CTRA

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 33,638 shares of the company’s stock, valued at approximately $854,000.

A number of other large investors also recently bought and sold shares of the business. Horizon Investments LLC boosted its position in Coterra Energy by 4.5% during the 1st quarter. Horizon Investments LLC now owns 10,935 shares of the company’s stock valued at $316,000 after acquiring an additional 474 shares in the last quarter. Wellington Shields Capital Management LLC lifted its stake in shares of Coterra Energy by 5.4% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 9,725 shares of the company’s stock worth $247,000 after purchasing an additional 500 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position 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 purchasing an additional 533 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Coterra Energy by 26.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,685 shares of the company’s stock valued at $68,000 after purchasing an additional 555 shares during the last quarter. Finally, Old North State Wealth Management LLC raised its holdings in Coterra Energy by 4.7% in the second quarter. Old North State Wealth Management LLC now owns 12,666 shares of the company’s stock worth $322,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CTRA shares. Susquehanna decreased their price objective on Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a report on Monday, October 20th. Wells Fargo & Company increased their price target on Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Morgan Stanley lowered their price target on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Stephens dropped their price target on Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Finally, Siebert Williams Shank decreased their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Coterra Energy Trading Up 1.5%

CTRA stock opened at $25.77 on Friday. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $29.95. The business’s 50-day moving average is $24.29 and its 200 day moving average is $24.51. 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 stock has a market cap of $19.62 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.36 and a beta of 0.30.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the company earned $0.32 earnings per share. Coterra Energy’s quarterly revenue was up 33.7% on a year-over-year basis. On average, sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.4%. Coterra Energy’s dividend payout ratio is currently 40.55%.

Coterra Energy 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.