Coterra Energy Inc. (NYSE:CTRA) Holdings Boosted by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN grew its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,348,026 shares of the company’s stock after acquiring an additional 284,106 shares during the period. Coterra Energy accounts for 2.4% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 16th biggest position. Disciplined Growth Investors Inc. MN’s holdings in Coterra Energy were worth $128,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. M&T Bank Corp grew its holdings in shares of Coterra Energy by 2.1% during the 3rd quarter. M&T Bank Corp now owns 311,092 shares of the company’s stock valued at $7,451,000 after acquiring an additional 6,321 shares in the last quarter. Barclays PLC grew its holdings in shares of Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock valued at $51,425,000 after acquiring an additional 64,753 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Coterra Energy by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,221,403 shares of the company’s stock valued at $29,253,000 after acquiring an additional 6,938 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Coterra Energy by 4.4% during the 3rd quarter. MML Investors Services LLC now owns 106,012 shares of the company’s stock valued at $2,539,000 after acquiring an additional 4,428 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Coterra Energy during the 3rd quarter valued at $96,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTRA shares. Citigroup lifted their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Barclays lifted their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Mizuho lifted their price objective on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.47.

Insider Activity

In related news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Stock Down 0.2 %

Shares of CTRA opened at $24.87 on Tuesday. The company has a 50-day simple moving average of $24.94 and a 200-day simple moving average of $25.27. The firm has a market capitalization of $18.32 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.62 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $28.90.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, equities research analysts expect that Coterra Energy Inc. will post 1.53 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, November 14th. Coterra Energy’s dividend payout ratio is currently 50.60%.

Coterra Energy Company 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.