Natixis Advisors LLC Has $8.56 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Natixis Advisors LLC lessened its stake in Coterra Energy Inc. (NYSE:CTRA) by 21.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 357,450 shares of the company’s stock after selling 99,342 shares during the period. Natixis Advisors LLC’s holdings in Coterra Energy were worth $8,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Coterra Energy by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company’s stock valued at $406,266,000 after purchasing an additional 195,966 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Coterra Energy by 4.4% during the second quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock worth $180,921,000 after purchasing an additional 285,774 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Coterra Energy by 1.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock valued at $135,055,000 after acquiring an additional 51,249 shares during the period. American Century Companies Inc. grew its position in shares of Coterra Energy by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after purchasing an additional 1,013,107 shares during the period. Finally, Equity Investment Corp lifted its position in Coterra Energy by 0.7% in the 2nd quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock valued at $86,082,000 after acquiring an additional 22,017 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Up 2.3 %

Shares of CTRA opened at $27.45 on Friday. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $28.90. The firm has a 50 day simple moving average of $24.17 and a two-hundred day simple moving average of $25.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company has a market cap of $20.22 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.71 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Research analysts forecast that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.06%. Coterra Energy’s payout ratio is presently 50.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CTRA shares. Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Wells Fargo & Company raised their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. UBS Group upped their target price on Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays increased their price target on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Piper Sandler increased their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.41.

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.