Universal Beteiligungs und Servicegesellschaft mbH Boosts Stake in Coterra Energy Inc. $CTRA

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 10.5% during the third quarter, Holdings Channel.com reports. The fund owned 522,265 shares of the company’s stock after buying an additional 49,572 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coterra Energy were worth $12,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CTRA. QRG Capital Management Inc. raised its position in shares of Coterra Energy by 67.0% during the 3rd quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock valued at $3,386,000 after buying an additional 57,461 shares in the last quarter. State of Michigan Retirement System increased its stake in Coterra Energy by 5.8% in the second quarter. State of Michigan Retirement System now owns 244,459 shares of the company’s stock valued at $6,204,000 after acquiring an additional 13,500 shares during the last quarter. Truist Financial Corp raised its position in Coterra Energy by 165.3% during the second quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after purchasing an additional 2,625,126 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Coterra Energy by 30.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 294,598 shares of the company’s stock worth $7,486,000 after purchasing an additional 68,100 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Coterra Energy by 58.5% in the 2nd quarter. Strs Ohio now owns 87,745 shares of the company’s stock worth $2,227,000 after purchasing an additional 32,376 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Roth Mkm lifted their price target on shares of Coterra Energy from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho lifted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. The Goldman Sachs Group lowered their price target on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Johnson Rice cut their price target on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Finally, Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.71.

Coterra Energy Stock Up 0.6%

Shares of NYSE CTRA opened at $27.44 on Friday. The firm has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $24.80. Coterra Energy Inc. has a 12 month low of $22.33 and a 12 month high of $29.82. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $20.89 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.61 and a beta of 0.36.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. Coterra Energy’s dividend payout ratio is 40.55%.

Coterra Energy 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.