Universal Beteiligungs und Servicegesellschaft mbH Has $12 Million Position in Coterra Energy Inc. $CTRA

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 13.6% in the second quarter, Holdings Channel.com reports. The fund owned 472,693 shares of the company’s stock after selling 74,120 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coterra Energy were worth $11,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Coterra Energy by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company’s stock valued at $2,668,559,000 after purchasing an additional 3,818,700 shares during the period. Wellington Management Group LLP increased its holdings in Coterra Energy by 15.3% in the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock valued at $2,416,939,000 after purchasing an additional 11,102,350 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Coterra Energy by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,304,940 shares of the company’s stock valued at $731,313,000 after buying an additional 1,837,614 shares during the period. Geode Capital Management LLC boosted its holdings in Coterra Energy by 4.8% during the second quarter. Geode Capital Management LLC now owns 20,685,670 shares of the company’s stock worth $522,936,000 after buying an additional 953,824 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Coterra Energy by 1.2% during the first quarter. Invesco Ltd. now owns 12,384,728 shares of the company’s stock worth $357,919,000 after buying an additional 152,244 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 1.5%

CTRA opened at $25.77 on Thursday. The firm’s fifty day simple moving average is $24.24 and its 200 day simple moving average is $24.50. Coterra Energy Inc. has a 12 month low of $22.33 and a 12 month high of $29.95. The stock has a market capitalization of $19.62 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.36 and a beta of 0.30. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm 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 10.99% and a net margin of 23.80%.The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. Coterra Energy’s dividend payout ratio (DPR) is 40.55%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CTRA shares. Morgan Stanley decreased their price objective on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Zacks Research cut shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Scotiabank decreased their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. The Goldman Sachs Group dropped their price objective on Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Finally, Siebert Williams Shank reduced their target price on Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

About Coterra Energy

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.