Capital Investment Advisors LLC Sells 803 Shares of Coterra Energy Inc. $CTRA

Capital Investment Advisors LLC lowered its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 29,520 shares of the company’s stock after selling 803 shares during the quarter. Capital Investment Advisors LLC’s holdings in Coterra Energy were worth $749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTRA. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Coterra Energy by 10.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,388 shares of the company’s stock worth $1,287,000 after acquiring an additional 4,748 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coterra Energy by 5,558.5% in the 1st quarter. GAMMA Investing LLC now owns 676,867 shares of the company’s stock worth $19,561,000 after acquiring an additional 664,905 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Coterra Energy by 78.4% in the 1st quarter. Merit Financial Group LLC now owns 17,936 shares of the company’s stock worth $518,000 after acquiring an additional 7,881 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Coterra Energy by 3.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 63,572 shares of the company’s stock valued at $1,837,000 after buying an additional 2,331 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new stake in Coterra Energy during the 1st quarter valued at about $276,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 3.4%

NYSE CTRA opened at $23.16 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.34 and a beta of 0.29. The company’s 50-day simple moving average is $23.94 and its two-hundred day simple moving average is $25.03. Coterra Energy Inc. has a one year low of $22.46 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The company’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Equities analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.8%. Coterra Energy’s dividend payout ratio (DPR) is 42.11%.

Analysts Set New Price Targets

CTRA has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Scotiabank reiterated an “outperform” rating on shares of Coterra Energy in a report on Friday, July 11th. Barclays lifted their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, July 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $31.00 price objective on shares of Coterra Energy in a report on Tuesday, July 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $33.22.

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.