Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,791 shares of the company’s stock after selling 451 shares during the period. Kovack Advisors Inc.’s holdings in Coterra Energy were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in shares of Coterra Energy in the third quarter worth $776,000. Victory Capital Management Inc. boosted its stake in shares of Coterra Energy by 1.2% in the third quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company’s stock worth $406,266,000 after buying an additional 195,966 shares during the last quarter. Aigen Investment Management LP purchased a new position in Coterra Energy during the third quarter valued at approximately $376,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Coterra Energy by 2.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,650,859 shares of the company’s stock valued at $39,538,000 after acquiring an additional 40,569 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Coterra Energy by 4.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,777 shares of the company’s stock worth $426,000 after purchasing an additional 724 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 0.5 %

Shares of CTRA stock opened at $25.55 on Friday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $28.90. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.67 and a beta of 0.22. The company’s 50-day moving average price is $23.95 and its 200-day moving average price is $25.48. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. As a group, equities analysts predict that Coterra Energy Inc. will post 1.53 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s payout ratio is 50.60%.

Analyst Ratings Changes

CTRA has been the topic of several recent analyst reports. Stephens increased their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley increased their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays raised their price objective on Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Roth Mkm raised Coterra Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $29.00 in a research note on Tuesday, August 27th. Finally, UBS Group lifted their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.41.

Coterra Energy 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.