Securian Asset Management Inc. Decreases Stock Holdings in Coterra Energy Inc. $CTRA

Securian Asset Management Inc. trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 43.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,703 shares of the company’s stock after selling 16,151 shares during the quarter. Securian Asset Management Inc.’s holdings in Coterra Energy were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new position in shares of Coterra Energy in the fourth quarter worth $28,000. Winnow Wealth LLC purchased a new position in shares of Coterra Energy in the third quarter worth $29,000. City Holding Co. increased its stake in shares of Coterra Energy by 144.4% in the fourth quarter. City Holding Co. now owns 1,222 shares of the company’s stock worth $32,000 after buying an additional 722 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Coterra Energy in the third quarter worth $29,000. Finally, Triumph Capital Management purchased a new position in shares of Coterra Energy in the third quarter worth $31,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several analyst reports. Zacks Research raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Scotiabank lifted their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 3rd. Weiss Ratings raised shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group lifted their price target on shares of Coterra Energy from $28.00 to $33.00 and gave the company a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.32.

Coterra Energy Stock Performance

NYSE:CTRA opened at $32.25 on Friday. The stock has a market cap of $24.49 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The firm’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $29.30. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $36.88. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Monday, May 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.28). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.25 billion. Coterra Energy had a net margin of 22.46% and a return on equity of 10.43%. As a group, research analysts predict that Coterra Energy Inc. will post 2.87 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.7%. Coterra Energy’s payout ratio is 38.60%.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.