Trust Investment Advisors Purchases 25,468 Shares of Coterra Energy Inc. $CTRA

Trust Investment Advisors lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 352.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,688 shares of the company’s stock after buying an additional 25,468 shares during the quarter. Trust Investment Advisors’ holdings in Coterra Energy were worth $830,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock worth $25,000 after acquiring an additional 555 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Coterra Energy by 463.5% during the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 737 shares during the period. Banque Cantonale Vaudoise bought a new stake in Coterra Energy in the first quarter valued at about $29,000. Bogart Wealth LLC bought a new position in Coterra Energy during the second quarter worth about $26,000. Finally, 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 acquiring an additional 726 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Performance

CTRA opened at $23.65 on Tuesday. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $29.95. The firm has a market capitalization of $18.05 billion, a PE ratio of 11.32, a PEG ratio of 0.36 and a beta of 0.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. The business’s 50-day simple moving average is $23.75 and its 200 day simple moving average is $24.49.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.Coterra Energy’s quarterly revenue was up 54.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. Coterra Energy’s dividend payout ratio is 42.11%.

Analysts Set New Price Targets

Several research firms recently weighed in on CTRA. Piper Sandler reduced their price objective on shares of Coterra Energy from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Roth Capital dropped their price objective on Coterra Energy from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price target (down previously from $38.00) on shares of Coterra Energy in a research report on Thursday, September 11th. Finally, Zacks Research lowered Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Sixteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

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.