DRW Securities LLC Buys 37,884 Shares of Coterra Energy Inc. (NYSE:CTRA)

DRW Securities LLC grew its position in Coterra Energy Inc. (NYSE:CTRA) by 80.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,884 shares of the company’s stock after purchasing an additional 37,884 shares during the quarter. DRW Securities LLC’s holdings in Coterra Energy were worth $2,264,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. KBC Group NV grew its stake in shares of Coterra Energy by 240.1% in the fourth quarter. KBC Group NV now owns 863,965 shares of the company’s stock worth $22,049,000 after acquiring an additional 609,954 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Coterra Energy in the 1st quarter worth $656,000. Quadrature Capital Ltd increased its holdings 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 worth $2,018,000 after purchasing an additional 38,278 shares during the period. Allianz Asset Management GmbH raised its position in shares of Coterra Energy by 98.7% during the fourth quarter. Allianz Asset Management GmbH now owns 170,514 shares of the company’s stock valued at $4,352,000 after buying an additional 84,680 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Coterra Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after buying an additional 407,244 shares during the period. 87.92% of the stock is owned by institutional investors.

Coterra Energy Trading Up 0.4 %

Shares of CTRA opened at $23.66 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 1.40. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.16 and a beta of 0.22. The stock has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $26.39. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.89.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.32 billion. Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Analysts predict that Coterra Energy Inc. will post 1.95 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. Stockholders of record on Thursday, August 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.55%. Coterra Energy’s payout ratio is 48.55%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial cut their price target on Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Susquehanna decreased their price target on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. BMO Capital Markets upgraded shares of Coterra Energy to a “hold” rating in a research note on Wednesday, July 3rd. Wolfe Research initiated coverage on shares of Coterra Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and an average price target of $32.59.

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.