Brown Brothers Harriman & Co. Has $9.47 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

Brown Brothers Harriman & Co. decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 20.5% in the 3rd quarter, Holdings Channel reports. The firm owned 395,582 shares of the company’s stock after selling 102,235 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Coterra Energy were worth $9,474,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CTRA. Charles Schwab Investment Management Inc. raised its holdings in shares of Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after purchasing an additional 305,626 shares during the period. Victory Capital Management Inc. grew its position in Coterra Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company’s stock valued at $406,266,000 after purchasing an additional 195,966 shares during the period. King Luther Capital Management Corp raised its holdings in Coterra Energy by 4.4% during the second quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock worth $180,921,000 after buying an additional 285,774 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Coterra Energy by 1.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock valued at $135,055,000 after buying an additional 51,249 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Coterra Energy by 29.1% during the second quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock worth $119,968,000 after acquiring an additional 1,013,107 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 1.2 %

Shares of NYSE:CTRA opened at $27.96 on Monday. The firm has a fifty day moving average price of $24.36 and a two-hundred day moving average price of $25.41. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.80 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $28.90.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data 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). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Analysts anticipate that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s payout ratio is 50.60%.

Wall Street Analyst Weigh In

CTRA has been the subject of a number of recent analyst reports. Stephens upped their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank reduced their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Mizuho raised their price objective on shares of Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Capital upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Barclays increased their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and an average target price of $32.41.

Insider Buying and Selling

In other news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by company insiders.

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.