Susquehanna Fundamental Investments LLC Buys New Stake in Coterra Energy Inc. (NYSE:CTRA)

Susquehanna Fundamental Investments LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 483,631 shares of the company’s stock, valued at approximately $12,898,000.

Several other large investors have also recently added to or reduced their stakes in CTRA. KBC Group NV increased its position in shares of Coterra Energy by 240.1% during the 4th quarter. KBC Group NV now owns 863,965 shares of the company’s stock valued at $22,049,000 after purchasing an additional 609,954 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Coterra Energy during the 1st quarter valued at $656,000. Quadrature Capital Ltd increased its position in shares of Coterra Energy by 112.2% during the 1st quarter. Quadrature Capital Ltd now owns 72,395 shares of the company’s stock valued at $2,018,000 after purchasing an additional 38,278 shares during the period. Allianz Asset Management GmbH increased its position in shares of Coterra Energy by 98.7% during the 4th quarter. Allianz Asset Management GmbH now owns 170,514 shares of the company’s stock valued at $4,352,000 after purchasing an additional 84,680 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Coterra Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after purchasing an additional 407,244 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Price Performance

CTRA opened at $23.74 on Friday. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.37 and a beta of 0.22. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.89. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $24.07 and a 200 day moving average price of $26.30.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business earned $0.38 earnings per share. Coterra Energy’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts forecast that Coterra Energy Inc. will post 1.74 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.84 annualized dividend and a yield of 3.54%. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

Wall Street Analyst Weigh In

CTRA has been the topic of several research analyst reports. UBS Group lowered their price target on Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. BMO Capital Markets upgraded Coterra Energy to a “hold” rating in a report on Wednesday, July 3rd. Finally, Piper Sandler decreased their target price on Coterra Energy from $39.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.59.

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.