apricus wealth LLC Has $2.83 Million Stake in Coterra Energy Inc. $CTRA

apricus wealth LLC lowered its holdings in Coterra Energy Inc. (NYSE:CTRA) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,670 shares of the company’s stock after selling 1,860 shares during the quarter. Coterra Energy comprises approximately 1.6% of apricus wealth LLC’s investment portfolio, making the stock its 28th largest holding. apricus wealth LLC’s holdings in Coterra Energy were worth $2,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Coterra Energy by 15.3% in the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock valued at $2,416,939,000 after buying an additional 11,102,350 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Coterra Energy by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company’s stock worth $2,668,559,000 after acquiring an additional 3,818,700 shares during the last quarter. Pacer Advisors Inc. lifted its position in Coterra Energy by 5,145.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,100,064 shares of the company’s stock valued at $89,592,000 after acquiring an additional 3,040,963 shares in the last quarter. Truist Financial Corp boosted its stake in Coterra Energy by 165.3% during the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company’s stock valued at $106,934,000 after purchasing an additional 2,625,126 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Coterra Energy during the 1st quarter worth approximately $64,173,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 2.8%

Shares of Coterra Energy stock opened at $23.45 on Tuesday. The firm has a market cap of $17.89 billion, a PE ratio of 11.22, a P/E/G ratio of 0.34 and a beta of 0.29. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $29.95. 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 fifty day moving average price of $23.79 and a 200-day moving average price of $24.55.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results 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). Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm posted $0.37 earnings per share. Coterra Energy’s quarterly revenue was up 54.6% compared to the same quarter last year. Equities research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CTRA. UBS Group dropped their target price on Coterra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Mizuho dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. The Goldman Sachs Group reduced their target price on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Piper Sandler raised their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Finally, Raymond James Financial restated an “outperform” rating and set a $34.00 price target (down from $38.00) on shares of Coterra Energy in a report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.45.

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.