Wealth Advisory Solutions LLC Makes New $342,000 Investment in Coterra Energy Inc. $CTRA

Wealth Advisory Solutions LLC acquired a new position in Coterra Energy Inc. (NYSE:CTRA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,482 shares of the company’s stock, valued at approximately $342,000.

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new stake in Coterra Energy in the 2nd quarter worth approximately $1,117,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Coterra Energy during the 2nd quarter valued at approximately $30,325,000. IFM Investors Pty Ltd increased its position in shares of Coterra Energy by 11.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 107,506 shares of the company’s stock valued at $2,729,000 after purchasing an additional 11,436 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Coterra Energy by 3.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,005 shares of the company’s stock valued at $863,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of Coterra Energy by 13.2% during the 2nd quarter. Wedmont Private Capital now owns 13,664 shares of the company’s stock valued at $344,000 after purchasing an additional 1,592 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 0.5%

Shares of NYSE CTRA opened at $23.16 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08. The stock has a market capitalization of $17.67 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.33 and a beta of 0.34. Coterra Energy Inc. has a 1-year low of $22.46 and a 1-year high of $29.95. The business has a fifty day moving average price of $23.99 and a 200 day moving average price of $25.20.

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

Coterra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CTRA shares. Scotiabank reissued an “outperform” rating on shares of Coterra Energy in a research report on Friday, July 11th. The Goldman Sachs Group reissued a “neutral” rating and set a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, July 1st. Barclays boosted their target price on Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Mizuho cut their target price on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Finally, Piper Sandler boosted their target price on Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.