Mather Group LLC. Grows Stake in Coterra Energy Inc. (NYSE:CTRA)

Mather Group LLC. increased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 33.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,319 shares of the company’s stock after acquiring an additional 4,568 shares during the quarter. Mather Group LLC.’s holdings in Coterra Energy were worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTRA. Wetzel Investment Advisors Inc. purchased a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $33,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Coterra Energy in the 4th quarter valued at $33,000. Headlands Technologies LLC boosted its holdings in shares of Coterra Energy by 397.7% in the 4th quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock valued at $44,000 after buying an additional 1,392 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Coterra Energy during the 1st quarter worth $44,000. Finally, Harbor Investment Advisory LLC boosted its stake in Coterra Energy by 869.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after purchasing an additional 1,443 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 1.1 %

CTRA stock traded up $0.26 during midday trading on Tuesday, reaching $23.51. 7,398,699 shares of the company’s stock traded hands, compared to its average volume of 6,484,277. The company has a market capitalization of $17.50 billion, a P/E ratio of 13.59, a PEG ratio of 1.49 and a beta of 0.24. The business has a 50-day moving average price of $26.71 and a two-hundred day moving average price of $26.72. Coterra Energy Inc. has a fifty-two week low of $23.18 and a fifty-two week high of $29.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data 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 firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Coterra Energy had a net margin of 23.18% and a return on equity of 10.49%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. Equities research analysts forecast that Coterra Energy Inc. will post 2.02 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.57%. Coterra Energy’s dividend payout ratio (DPR) is presently 48.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTRA shares. Mizuho raised their target price on shares of Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Wolfe Research started coverage on shares of Coterra Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $35.00 target price for the company. Scotiabank raised their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Morgan Stanley raised their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Bank of America reaffirmed a “buy” rating and set a $34.00 price target on shares of Coterra Energy in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.94.

Coterra Energy 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.