Duality Advisers LP Sells 16,898 Shares of Coterra Energy Inc. (NYSE:CTRA)

Duality Advisers LP decreased its position in Coterra Energy Inc. (NYSE:CTRA) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,038 shares of the company’s stock after selling 16,898 shares during the quarter. Duality Advisers LP’s holdings in Coterra Energy were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Significant Wealth Partners LLC purchased a new position in shares of Coterra Energy during the fourth quarter worth approximately $1,604,000. Robeco Institutional Asset Management B.V. raised its position in Coterra Energy by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock valued at $18,531,000 after purchasing an additional 459,713 shares in the last quarter. KBC Group NV grew its position in shares of Coterra Energy by 240.1% during the 4th quarter. KBC Group NV now owns 863,965 shares of the company’s stock worth $22,049,000 after buying an additional 609,954 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Coterra Energy during the fourth quarter valued at $11,485,000. Finally, Private Advisor Group LLC raised its holdings in shares of Coterra Energy by 38.2% in the fourth quarter. Private Advisor Group LLC now owns 123,322 shares of the company’s stock valued at $3,147,000 after acquiring an additional 34,110 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Trading Up 0.4 %

Shares of CTRA traded up $0.11 during trading on Friday, reaching $27.10. 1,677,816 shares of the company traded hands, compared to its average volume of 6,483,232. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The stock has a market cap of $20.17 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.21 and a beta of 0.24. The stock has a 50-day simple moving average of $27.43 and a 200-day simple moving average of $26.65. Coterra Energy Inc. has a twelve month low of $23.73 and a twelve month high of $29.89.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. On average, analysts anticipate that Coterra Energy Inc. will post 2.03 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, May 15th. Coterra Energy’s dividend payout ratio is currently 48.55%.

Wall Street Analyst Weigh In

A number of research firms have commented on CTRA. Morgan Stanley raised their target price on shares of Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Susquehanna boosted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. Bank of America reaffirmed a “buy” rating and set a $34.00 target price on shares of Coterra Energy in a research report on Friday, June 14th. BMO Capital Markets raised Coterra Energy to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Piper Sandler raised their price objective on Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.93.

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.