Leeward Investments LLC MA Acquires 18,645 Shares of Coterra Energy Inc. (NYSE:CTRA)

Leeward Investments LLC MA grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,978 shares of the company’s stock after acquiring an additional 18,645 shares during the period. Leeward Investments LLC MA owned about 0.06% of Coterra Energy worth $13,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FCG Investment Co raised its stake in shares of Coterra Energy by 115.0% in the first quarter. FCG Investment Co now owns 35,558 shares of the company’s stock worth $991,000 after buying an additional 19,021 shares during the period. Fruth Investment Management boosted its holdings in Coterra Energy by 2.9% in the 1st quarter. Fruth Investment Management now owns 31,814 shares of the company’s stock worth $886,000 after buying an additional 900 shares during the period. Kovack Advisors Inc. bought a new position in Coterra Energy in the 1st quarter worth $237,000. Norden Group LLC bought a new stake in Coterra Energy during the first quarter valued at about $2,827,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Coterra Energy by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,011,692 shares of the company’s stock valued at $56,086,000 after acquiring an additional 10,001 shares in the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Coterra Energy Trading Up 0.4 %

Shares of NYSE:CTRA traded up $0.11 during trading on Thursday, reaching $26.89. 3,366,444 shares of the company were exchanged, compared to its average volume of 6,168,704. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The firm has a market capitalization of $20.01 billion, a PE ratio of 15.54, a P/E/G ratio of 1.24 and a beta of 0.24. The business’s fifty day simple moving average is $27.53 and its 200-day simple moving average is $26.61. Coterra Energy Inc. has a 12-month low of $23.73 and a 12-month high of $29.89.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $1.43 billion during 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, research analysts anticipate that Coterra Energy Inc. will post 2 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis 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%.

Analysts Set New Price Targets

CTRA has been the subject of several recent analyst reports. Bank of America restated a “buy” rating and issued a $34.00 price target on shares of Coterra Energy in a research note on Friday, June 14th. JPMorgan Chase & Co. raised their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Susquehanna raised their price target on Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, May 7th. Barclays initiated coverage on Coterra Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Mizuho upped their price target on shares of Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, May 13th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.93.

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.