KBC Group NV lowered its stake in Coterra Power Inc. (NYSE:CTRA – Free Report) by 60.9% throughout the third quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the SEC. The fund owned 181,422 shares of the corporate’s inventory after promoting 282,315 shares throughout the quarter. KBC Group NV’s holdings in Coterra Power had been value $4,345,000 as of its most up-to-date SEC submitting.
A number of different institutional traders and hedge funds have additionally purchased and bought shares of the inventory. Victory Capital Administration Inc. raised its place in Coterra Power by 1.2% throughout the third quarter. Victory Capital Administration Inc. now owns 16,963,084 shares of the corporate’s inventory value $406,266,000 after buying an extra 195,966 shares within the final quarter. King Luther Capital Administration Corp elevated its stake in shares of Coterra Power by 4.4% throughout the 2nd quarter. King Luther Capital Administration Corp now owns 6,783,690 shares of the corporate’s inventory value $180,921,000 after buying an extra 285,774 shares over the last quarter. Disciplined Development Traders Inc. MN raised its holdings in shares of Coterra Power by 1.0% within the 2nd quarter. Disciplined Development Traders Inc. MN now owns 5,063,920 shares of the corporate’s inventory valued at $135,055,000 after buying an extra 51,249 shares throughout the interval. American Century Firms Inc. lifted its stake in Coterra Power by 29.1% within the 2nd quarter. American Century Firms Inc. now owns 4,498,227 shares of the corporate’s inventory valued at $119,968,000 after buying an extra 1,013,107 shares over the last quarter. Lastly, Fairness Funding Corp grew its holdings in Coterra Power by 0.7% throughout the second quarter. Fairness Funding Corp now owns 3,227,678 shares of the corporate’s inventory value $86,082,000 after buying an extra 22,017 shares throughout the interval. Institutional traders personal 87.92% of the corporate’s inventory.
Wall Road Analyst Weigh In
CTRA has been the subject of a number of analysis analyst experiences. UBS Group upped their value goal on Coterra Power from $31.00 to $35.00 and gave the corporate a “purchase” ranking in a analysis word on Friday. JPMorgan Chase & Co. dropped their value goal on Coterra Power from $31.00 to $26.00 and set an “obese” ranking on the inventory in a analysis word on Thursday, September twelfth. Stephens raised their value goal on Coterra Power from $28.00 to $29.00 and gave the corporate an “obese” ranking in a report on Friday, November 1st. Susquehanna upped their value goal on shares of Coterra Power from $30.00 to $33.00 and gave the corporate a “constructive” ranking in a report on Thursday. Lastly, Truist Monetary elevated their value goal on shares of Coterra Power from $31.00 to $33.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday. Two equities analysis analysts have rated the inventory with a maintain ranking, sixteen have assigned a purchase ranking and one has assigned a powerful purchase ranking to the inventory. Based on knowledge from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $32.41.
View Our Newest Evaluation on Coterra Power
Coterra Power Buying and selling Up 0.6 %
Shares of NYSE:CTRA opened at $25.58 on Monday. The enterprise’s 50 day easy shifting common is $23.95 and its 200 day easy shifting common is $25.46. Coterra Power Inc. has a 1 yr low of $22.30 and a 1 yr excessive of $28.90. The corporate has a debt-to-equity ratio of 0.16, a present ratio of 1.61 and a fast ratio of 1.56. The corporate has a market capitalization of $18.84 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 0.22.
Coterra Power (NYSE:CTRA – Get Free Report) final launched its earnings outcomes on Thursday, October thirty first. The corporate reported $0.32 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.35 by ($0.03). Coterra Power had a web margin of 21.91% and a return on fairness of 9.38%. The corporate had income of $1.36 billion for the quarter, in comparison with the consensus estimate of $1.28 billion. Throughout the identical quarter within the earlier yr, the corporate posted $0.47 earnings per share. The enterprise’s income was up .2% in comparison with the identical quarter final yr. On common, analysis analysts anticipate that Coterra Power Inc. will submit 1.53 EPS for the present fiscal yr.
Coterra Power Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which shall be paid on Wednesday, November twenty seventh. Shareholders of file on Thursday, November 14th shall be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.84 dividend on an annualized foundation and a yield of three.28%. Coterra Power’s payout ratio is 50.60%.
About Coterra Power
Coterra Power Inc, an unbiased oil and fuel firm, engages within the growth, exploration, and manufacturing of oil, pure fuel, and pure fuel liquids in the USA. The corporate’s properties embody the Marcellus Shale with roughly 186,000 web acres within the dry fuel window of the play situated in Susquehanna County, Pennsylvania; Permian Basin properties with roughly 296,000 web acres situated in west Texas and southeast New Mexico; and Anadarko Basin properties with roughly 182,000 web acres situated in Oklahoma.
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