Coterra Energy Inc. (NYSE:CTRA) Holdings Boosted by Fruth Investment Management

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

Other large investors have also recently bought and sold shares of the company. Significant Wealth Partners LLC bought a new position in Coterra Energy in the fourth quarter worth about $1,604,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Coterra Energy by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock valued at $18,531,000 after purchasing an additional 459,713 shares during the period. KBC Group NV increased 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 valued at $22,049,000 after purchasing an additional 609,954 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $11,485,000. Finally, Private Advisor Group LLC increased its stake in shares of Coterra Energy by 38.2% in the fourth quarter. Private Advisor Group LLC now owns 123,322 shares of the company’s stock valued at $3,147,000 after purchasing an additional 34,110 shares during the period. Institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Susquehanna raised their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. 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. Piper Sandler raised their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Citigroup raised their price objective on shares of Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.93.

Coterra Energy Stock Up 0.4 %

NYSE:CTRA traded up $0.11 during trading hours on Thursday, reaching $26.89. The company’s stock had a trading volume of 3,366,444 shares, compared to its average volume of 6,168,704. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.24. Coterra Energy Inc. has a one year low of $23.73 and a one year high of $29.89. The business’s 50-day moving average is $27.56 and its 200-day moving average is $26.61. 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 released its earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. Equities research analysts predict that Coterra Energy Inc. will post 2 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders 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 dividend yield of 3.12%. The ex-dividend date of this dividend was Wednesday, May 15th. Coterra Energy’s dividend payout ratio is currently 48.55%.

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.