Y Intercept Hong Kong Ltd Takes $4.16 Million Position in Coterra Energy Inc. $CTRA

by · The Markets Daily

Y Intercept Hong Kong Ltd purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 175,698 shares of the company’s stock, valued at approximately $4,155,000.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of Coterra Energy during the 2nd quarter valued at about $26,000. REAP Financial Group LLC increased its position in shares of Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after purchasing an additional 726 shares during the last quarter. Tobam raised its stake in Coterra Energy by 50.9% in the second quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after purchasing an additional 615 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Coterra Energy during the second quarter valued at approximately $50,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Coterra Energy during the third quarter valued at approximately $50,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Coterra Energy Price Performance

CTRA opened at $27.44 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $26.10 and its 200 day simple moving average is $24.80. The firm has a market cap of $20.89 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.61 and a beta of 0.36. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $29.82.

Coterra Energy (NYSE:CTRA – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.88 annualized dividend and a yield of 3.2%. Coterra Energy’s dividend payout ratio is presently 40.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wolfe Research decreased their price target on shares of Coterra Energy from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Susquehanna cut their target price on shares of Coterra Energy from $32.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, October 20th. William Blair started coverage on Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price on the stock. Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Scotiabank set a $31.00 price objective on Coterra Energy in a report on Friday, January 16th. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.71.

Check Out Our Latest Report on Coterra Energy

Coterra Energy Profile

(Free Report)

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.

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