U.S. Capital Wealth Advisors LLC Buys 6,465 Shares of Coterra Energy Inc. (NYSE:CTRA)

U.S. Capital Wealth Advisors LLC raised its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after buying an additional 454 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Coterra Energy during the 4th quarter valued at $33,000. VisionPoint Advisory Group LLC boosted its stake in shares of Coterra Energy by 133.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after acquiring an additional 740 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Coterra Energy during the fourth quarter valued at approximately $33,000. Finally, Headlands Technologies LLC boosted its position in shares of Coterra Energy by 397.7% during the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after acquiring an additional 1,392 shares during the last quarter. 87.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value 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 $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CTRA has been the subject of a number of research reports. Raymond James increased their price target on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Truist Financial decreased their price target on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Stephens reissued an “overweight” rating and issued a $39.00 price objective on shares of Coterra Energy in a research note on Tuesday, January 23rd. Scotiabank increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Coterra Energy Price Performance

NYSE CTRA traded up $1.03 during trading hours on Friday, reaching $28.19. The company’s stock had a trading volume of 11,386,229 shares, compared to its average volume of 5,764,794. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.18. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The company’s 50-day moving average is $27.30 and its two-hundred day moving average is $26.38. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 16.29 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 10.80% and a net margin of 23.34%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.54 billion. On average, equities 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. Shareholders of record on Thursday, May 16th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.98%. Coterra Energy’s payout ratio is 48.55%.

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.