Foster & Motley Inc. Has $555,000 Position in Coterra Energy Inc. (NYSE:CTRA)

Foster & Motley Inc. lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 14.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,161 shares of the company’s stock after selling 3,912 shares during the quarter. Foster & Motley Inc.’s holdings in Coterra Energy were worth $555,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC grew its holdings in Coterra Energy by 154.9% during the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Coterra Energy by 98.0% in the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after buying an additional 535 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Coterra Energy in the first quarter valued at approximately $44,000. Values First Advisors Inc. acquired a new position in shares of Coterra Energy in the third quarter valued at approximately $57,000. Finally, Tobam acquired a new position in shares of Coterra Energy in the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

NYSE CTRA opened at $24.41 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $25.60. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The firm has a market capitalization of $17.98 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.42 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, research analysts anticipate that Coterra Energy Inc. will post 1.62 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 3.44%. Coterra Energy’s dividend payout ratio (DPR) is presently 50.60%.

Analyst Ratings Changes

CTRA has been the subject of several research analyst reports. Stephens upped their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Coterra Energy in a report on Monday. Mizuho upped their price target on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reduced their price target on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Morgan Stanley reduced their target price on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Two equities research 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, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $31.29.

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.