U.S. Capital Wealth Advisors LLC Grows Position in Coterra Energy Inc. (NYSE:CTRA)

U.S. Capital Wealth Advisors LLC raised its position in Coterra Energy Inc. (NYSE:CTRA) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,346 shares of the company’s stock after acquiring an additional 2,216 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Coterra Energy were worth $6,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CTRA. Bank of Montreal Can increased its holdings in shares of Coterra Energy by 160.1% in the 2nd quarter. Bank of Montreal Can now owns 2,898,876 shares of the company’s stock valued at $80,154,000 after acquiring an additional 1,784,192 shares during the last quarter. SG Americas Securities LLC increased its stake in Coterra Energy by 2,609.6% in the first quarter. SG Americas Securities LLC now owns 1,541,342 shares of the company’s stock valued at $42,973,000 after purchasing an additional 1,484,458 shares during the last quarter. Marshall Wace LLP raised its holdings in Coterra Energy by 5,325.5% during the second quarter. Marshall Wace LLP now owns 1,148,569 shares of the company’s stock worth $30,632,000 after purchasing an additional 1,127,399 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Coterra Energy during the first quarter worth approximately $28,967,000. Finally, American Century Companies Inc. lifted its position in shares of Coterra Energy by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock worth $119,968,000 after buying an additional 1,013,107 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Coterra Energy to a “hold” rating in a research note on Wednesday, July 3rd. Scotiabank dropped their price target on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wolfe Research assumed coverage on Coterra Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price target on the stock. Truist Financial decreased their price objective on Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Susquehanna cut their target price on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.06.

Coterra Energy Stock Performance

CTRA traded up $0.03 during trading on Wednesday, reaching $23.55. The company’s stock had a trading volume of 1,069,329 shares, compared to its average volume of 6,196,367. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. The company’s fifty day moving average price is $23.85 and its 200-day moving average price is $25.90. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $28.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 1.40.

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

Coterra Energy Dividend Announcement

The business also recently disclosed 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 of this dividend was Thursday, August 15th. Coterra Energy’s dividend payout ratio (DPR) is 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.