5 Undervalued S&P 500 Stocks Billionaires Are Loading Up On

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In this article, we discuss 5 undervalued S&P 500 stocks billionaires are loading up on. If you want to read our detailed analysis of value stocks and their performance, go directly to read 10 Undervalued S&P 500 Stocks Billionaires Are Loading Up On

5. Coterra Energy Inc. (NYSE:CTRA)

Number of Billionaire Investors: 12
Forward P/E Ratio as of June 5: 4.58

Coterra Energy Inc. (NYSE:CTRA) is a Texas-based energy company involved in hydrocarbon exploration. Goldman Sachs took over coverage on the stock in May with a Buy rating and a $29 price target, appreciating the company’s diversified commodity exposure.

In the first quarter, the company reported revenue of $1.78 billion, up 6% from the prior-year period. Its operating cash flow came in at roughly $1.5 billion and its free cash flow amounted to $556 million. The company pays a quarterly dividend of $0.20 per share and has a dividend yield of 9.21%, as of June 5.

With a forward P/E ratio of 4.58, Coterra Energy Inc. (NYSE:CTRA) is one of the most popular undervalued stocks among billionaires.

Coterra Energy Inc. (NYSE:CTRA) was a part of 31 hedge fund portfolios in Q1 2023, as per Insider Monkey’s database. David Harding and Cliff Asness were the two most prominent billionaires holding stakes in the company.

Follow Coterra Energy Inc. (NYSE:CTRA)


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