Fruth Investment Management Boosts Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Fruth Investment Management boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,814 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Fruth Investment Management’s holdings in Coterra Energy were worth $886,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CTRA. Wetzel Investment Advisors Inc. purchased a new position in Coterra Energy during the 4th quarter valued at $33,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Coterra Energy in the 4th quarter worth $33,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Coterra Energy by 133.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after buying an additional 740 shares during the period. Headlands Technologies LLC lifted 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 worth $44,000 after buying an additional 1,392 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Coterra Energy by 869.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock worth $45,000 after buying an additional 1,443 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTRA. Piper Sandler upped their price objective on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Stifel Nicolaus decreased their price objective on Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Scotiabank upped their price objective on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Citigroup upped their price objective on Coterra Energy from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Mizuho upped their target price on Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and an average price target of $33.93.

Coterra Energy Stock Performance

Coterra Energy stock traded up $0.11 during midday trading on Thursday, hitting $26.89. 3,366,444 shares of the company were exchanged, compared to its average volume of 6,168,704. The firm has a market capitalization of $20.01 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.24. Coterra Energy Inc. has a fifty-two week low of $23.73 and a fifty-two week high of $29.89. The business has a fifty day simple moving average of $27.56 and a two-hundred day simple moving average of $26.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.49.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. On average, sell-side analysts forecast that Coterra Energy Inc. will post 2 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

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.