Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Beddow Capital Management Inc.

Beddow Capital Management Inc. cut its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.6% in the 3rd quarter, Holdings Channel reports. The fund owned 248,166 shares of the company’s stock after selling 6,632 shares during the period. Coterra Energy accounts for about 2.4% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Beddow Capital Management Inc.’s holdings in Coterra Energy were worth $5,944,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CTRA. Victory Capital Management Inc. grew its position in shares of 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 buying an additional 195,966 shares during the last quarter. King Luther Capital Management Corp grew its holdings 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 valued at $180,921,000 after purchasing an additional 285,774 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Coterra Energy by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock worth $135,055,000 after purchasing an additional 51,249 shares during the period. American Century Companies Inc. lifted its holdings 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 worth $119,968,000 after purchasing an additional 1,013,107 shares during the last quarter. Finally, Equity Investment Corp lifted its holdings in shares of Coterra Energy by 5.1% in the 3rd quarter. Equity Investment Corp now owns 3,393,798 shares of the company’s stock worth $81,281,000 after purchasing an additional 166,120 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Up 2.1 %

Coterra Energy stock opened at $26.12 on Tuesday. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.67 and a beta of 0.22. The company’s fifty day moving average price is $23.95 and its two-hundred day moving average price is $25.45. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $28.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm 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 company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. On average, analysts forecast that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s dividend payout ratio is 50.60%.

Analysts Set New Price Targets

A number of research firms have issued reports on CTRA. Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. dropped 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. UBS Group upped their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday. Scotiabank lowered their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Piper Sandler increased their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.41.

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.