apricus wealth LLC Grows Position in Coterra Energy Inc. (NYSE:CTRA)

apricus wealth LLC lifted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 113,800 shares of the company’s stock after purchasing an additional 3,645 shares during the quarter. Coterra Energy comprises approximately 1.9% of apricus wealth LLC’s holdings, making the stock its 20th largest holding. apricus wealth LLC’s holdings in Coterra Energy were worth $2,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTRA. Arkadios Wealth Advisors boosted its holdings in Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the period. Bruce G. Allen Investments LLC raised its stake in shares of Coterra Energy by 17.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 3,033 shares of the company’s stock valued at $73,000 after purchasing an additional 450 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Coterra Energy by 1.4% in the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after purchasing an additional 474 shares in the last quarter. Sky Investment Group LLC raised its stake in Coterra Energy by 3.7% during the fourth quarter. Sky Investment Group LLC now owns 13,899 shares of the company’s stock valued at $355,000 after buying an additional 492 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in Coterra Energy by 4.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 10,983 shares of the company’s stock worth $263,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $29.05 on Friday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market cap of $21.40 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.27. The company’s fifty day moving average is $26.43 and its two-hundred day moving average is $25.12.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Coterra Energy’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Equities analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s payout ratio is 50.60%.

Wall Street Analyst Weigh In

CTRA has been the topic of several research reports. UBS Group upped their price target on Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Citigroup raised their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna boosted their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Mizuho raised their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $33.18.

Coterra Energy 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.