Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 0.8% in the third quarter, HoldingsChannel.com reports. The fund owned 268,346 shares of the company’s stock after buying an additional 2,216 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Coterra Energy were worth $6,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC boosted its stake in shares of Coterra Energy by 154.9% during the 2nd quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock worth $25,000 after purchasing an additional 567 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after purchasing an additional 535 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Coterra Energy in the first quarter valued at $44,000. Harbor Investment Advisory LLC increased its stake in Coterra Energy by 869.3% in the first quarter. Harbor Investment Advisory LLC now owns 1,609 shares of the company’s stock valued at $45,000 after purchasing an additional 1,443 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Coterra Energy by 31.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock worth $64,000 after buying an additional 557 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.1 %

NYSE:CTRA traded up $0.03 during trading hours on Wednesday, hitting $23.55. The stock had a trading volume of 1,069,329 shares, compared to its average volume of 6,196,367. The business has a 50 day simple moving average of $23.85 and a two-hundred day simple moving average of $25.90. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $28.90. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The company has a market cap of $17.53 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Analysts predict that Coterra Energy Inc. will post 1.72 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, August 15th. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

Analysts Set New Price Targets

Several analysts have commented on the company. Piper Sandler lowered their price target on Coterra Energy from $39.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Morgan Stanley dropped their price target on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Barclays decreased their price target on shares of Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $29.00 in a research note on Tuesday, August 27th. Finally, Wolfe Research began coverage on Coterra Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $35.00 target price on the stock. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.06.

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.