Symmetry Partners LLC Has $375,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

Symmetry Partners LLC trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,048 shares of the company’s stock after selling 887 shares during the period. Symmetry Partners LLC’s holdings in Coterra Energy were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Significant Wealth Partners LLC bought a new position in shares of Coterra Energy during the 4th quarter valued at about $1,604,000. Robeco Institutional Asset Management B.V. grew its stake in shares of 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 worth $18,531,000 after acquiring an additional 459,713 shares in the last quarter. KBC Group NV raised its holdings in shares of Coterra Energy by 240.1% in the fourth quarter. KBC Group NV now owns 863,965 shares of the company’s stock valued at $22,049,000 after purchasing an additional 609,954 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Coterra Energy in the first quarter worth $656,000. Finally, Quadrature Capital Ltd boosted its holdings in Coterra Energy by 112.2% during the first quarter. Quadrature Capital Ltd now owns 72,395 shares of the company’s stock worth $2,018,000 after purchasing an additional 38,278 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTRA shares. Citigroup upped their target price on shares of Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 24th. Mizuho boosted their target price on Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Truist Financial cut their price target on Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Piper Sandler upped their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, UBS Group reduced their target price on shares of Coterra Energy from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.06.

Coterra Energy Price Performance

Shares of CTRA stock traded up $0.11 on Friday, reaching $24.10. The company had a trading volume of 6,221,094 shares, compared to its average volume of 6,470,637. The business’s 50-day moving average is $26.56 and its 200 day moving average is $26.68. Coterra Energy Inc. has a one year low of $23.18 and a one year high of $29.89. 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 capitalization of $17.94 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.24.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.32 billion. Coterra Energy had a net margin of 23.18% and a return on equity of 10.49%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. Equities research analysts forecast that Coterra Energy Inc. will post 2.02 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.49%. Coterra Energy’s payout ratio is presently 48.55%.

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.