Coterra Energy Inc. (NYSE:CTRA) Shares Bought by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC lifted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,552 shares of the company’s stock after acquiring an additional 5,880 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Coterra Energy were worth $1,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC lifted its holdings in Coterra Energy by 154.9% in the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock worth $25,000 after acquiring an additional 567 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Coterra Energy by 98.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after purchasing an additional 535 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Coterra Energy during the 1st quarter valued at approximately $44,000. Harbor Investment Advisory LLC grew its stake in Coterra Energy by 869.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after buying an additional 1,443 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Coterra Energy during the 1st quarter worth $47,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Scotiabank reduced their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Morgan Stanley dropped their price target on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. reduced their price objective on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Finally, Piper Sandler lowered their target price on Coterra Energy from $39.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.06.

Coterra Energy Price Performance

Shares of Coterra Energy stock opened at $23.74 on Thursday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.89. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The stock has a market cap of $17.67 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. The company’s 50-day moving average price is $23.87 and its two-hundred day moving average price is $26.04.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, August 1st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.32 billion. Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Coterra Energy Inc. will post 1.72 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, August 15th. Coterra Energy’s dividend 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.