Mitsubishi UFJ Trust & Banking Corp Purchases 220,688 Shares of Coterra Energy Inc. $CTRA

Mitsubishi UFJ Trust & Banking Corp grew its position in Coterra Energy Inc. (NYSE:CTRA) by 36.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 830,392 shares of the company’s stock after buying an additional 220,688 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.11% of Coterra Energy worth $19,639,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CTRA. Bogart Wealth LLC acquired a new position in Coterra Energy during the second quarter valued at approximately $26,000. REAP Financial Group LLC increased its stake in shares of Coterra Energy by 190.1% in the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after purchasing an additional 726 shares during the last quarter. Tobam raised its holdings in shares of Coterra Energy by 50.9% during the 2nd quarter. Tobam now owns 1,823 shares of the company’s stock worth $46,000 after buying an additional 615 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Coterra Energy during the 2nd quarter worth $50,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Coterra Energy during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Up 0.0%

Shares of NYSE CTRA opened at $27.42 on Tuesday. The firm has a 50 day moving average price of $26.13 and a two-hundred day moving average price of $24.82. The stock has a market cap of $20.88 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 0.61 and a beta of 0.36. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02.

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

Coterra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho boosted their target price on Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Siebert Williams Shank lifted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Zacks Research lowered shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Susquehanna boosted their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “positive” rating in a research note on Monday. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.81.

About Coterra Energy

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.