Leeward Investments LLC MA Grows Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Leeward Investments LLC MA boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 4.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 484,978 shares of the company’s stock after purchasing an additional 18,645 shares during the quarter. Leeward Investments LLC MA’s holdings in Coterra Energy were worth $13,521,000 as of its most recent SEC filing.

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

Coterra Energy Price Performance

Shares of CTRA traded up $0.11 during trading hours on Thursday, reaching $26.89. The company had a trading volume of 3,366,444 shares, compared to its average volume of 6,168,704. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 12-month low of $23.73 and a 12-month high of $29.89. The firm has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $26.61. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.24 and a beta of 0.24.

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

Coterra Energy Announces Dividend

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

Wall Street Analyst Weigh In

CTRA has been the subject of a number of research reports. Mizuho boosted their price target on shares of Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Stifel Nicolaus cut their price target on Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Morgan Stanley increased their price objective on Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Truist Financial raised shares of Coterra Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $27.00 to $35.00 in a report on Thursday, May 16th. Finally, Susquehanna increased their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price 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.