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

U.S. Capital Wealth Advisors LLC increased its stake in Coterra Energy Inc. (NYSE:CTRA) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 303,087 shares of the company’s stock after buying an additional 6,465 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Coterra Energy were worth $7,735,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Coterra Energy by 1,073.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 74,634 shares of the company’s stock worth $1,905,000 after purchasing an additional 68,272 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Coterra Energy by 8.3% in the fourth quarter. Amalgamated Bank now owns 216,079 shares of the company’s stock valued at $5,514,000 after buying an additional 16,497 shares in the last quarter. FFT Wealth Management LLC lifted its position in shares of Coterra Energy by 8.8% during the 4th quarter. FFT Wealth Management LLC now owns 9,036 shares of the company’s stock valued at $231,000 after acquiring an additional 729 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Coterra Energy by 48.3% during the 4th quarter. Savant Capital LLC now owns 12,086 shares of the company’s stock worth $308,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Coterra Energy in the 4th quarter worth $291,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the sale, the vice president now owns 93,988 shares in the company, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Raymond James lifted their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their target price on Coterra Energy from $30.00 to $32.00 and gave the company a “positive” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their price target on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Scotiabank raised their price objective on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Coterra Energy Trading Up 3.8 %

NYSE CTRA traded up $1.03 during trading on Friday, reaching $28.19. 11,386,229 shares of the stock traded hands, compared to its average volume of 5,764,794. The stock’s 50-day moving average price is $27.30 and its 200 day moving average price is $26.38. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 16.29 and a beta of 0.22. Coterra Energy Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $29.89.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 10.80% and a net margin of 23.34%. Analysts predict that Coterra Energy Inc. will post 1.82 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.98%. Coterra Energy’s dividend payout ratio is presently 48.55%.

About Coterra Energy

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.