apricus wealth LLC Increases Stake in Coterra Energy Inc. (NYSE:CTRA)

apricus wealth LLC grew its position in Coterra Energy Inc. (NYSE:CTRA) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,155 shares of the company’s stock after acquiring an additional 3,025 shares during the quarter. Coterra Energy comprises about 1.7% of apricus wealth LLC’s portfolio, making the stock its 26th largest position. apricus wealth LLC’s holdings in Coterra Energy were worth $2,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. King Luther Capital Management Corp raised its stake in shares of Coterra Energy by 4.4% in the second quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after acquiring an additional 285,774 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Coterra Energy by 1.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock worth $135,055,000 after purchasing an additional 51,249 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Coterra Energy by 29.1% in the second quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock worth $119,968,000 after purchasing an additional 1,013,107 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Coterra Energy by 0.7% in the second quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock worth $86,082,000 after purchasing an additional 22,017 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Coterra Energy by 4.6% in the first quarter. Captrust Financial Advisors now owns 2,952,024 shares of the company’s stock worth $78,422,000 after purchasing an additional 128,720 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CTRA shares. Truist Financial cut their price target on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Susquehanna cut their price target on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley cut their price target on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Barclays cut their price target on shares of Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, BMO Capital Markets upgraded shares of Coterra Energy to a “hold” rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.06.

Coterra Energy Stock Up 1.4 %

NYSE:CTRA opened at $24.01 on Friday. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $28.90. The stock has a market capitalization of $17.87 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.41 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 1.40. The company’s 50-day simple moving average is $23.84 and its 200-day simple moving average is $25.87.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Coterra Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Thursday, August 15th. Coterra Energy’s payout ratio is currently 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.