Yousif Capital Management LLC Buys 2,806 Shares of Coterra Energy Inc. $CTRA

Yousif Capital Management LLC grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 93,981 shares of the company’s stock after acquiring an additional 2,806 shares during the period. Yousif Capital Management LLC’s holdings in Coterra Energy were worth $2,385,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTRA. Cornerstone Planning Group LLC grew its position in shares of Coterra Energy by 175.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock worth $25,000 after buying an additional 555 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Coterra Energy by 463.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock worth $26,000 after buying an additional 737 shares during the last quarter. REAP Financial Group LLC grew its position 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 worth $28,000 after buying an additional 726 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Coterra Energy in the 1st quarter worth approximately $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Coterra Energy in the 1st quarter worth approximately $34,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Up 1.0%

CTRA opened at $22.82 on Friday. The stock has a market cap of $17.41 billion, a PE ratio of 10.92, a PEG ratio of 0.34 and a beta of 0.29. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $23.80 and a 200-day moving average of $24.61. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $29.95.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data 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). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business earned $0.37 EPS. The firm’s quarterly revenue was up 54.6% on a year-over-year basis. Equities research analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 14th. Coterra Energy’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CTRA. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective (down from $38.00) on shares of Coterra Energy in a research report on Thursday, September 11th. Scotiabank cut their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coterra Energy in a research report on Wednesday, October 8th. Roth Capital lowered their target price on Coterra Energy from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Coterra Energy from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

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.