Venturi Wealth Management LLC Has $804,000 Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Venturi Wealth Management LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 1.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,559 shares of the company’s stock after buying an additional 474 shares during the period. Venturi Wealth Management LLC’s holdings in Coterra Energy were worth $804,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CTRA. Bank of Montreal Can grew its stake in Coterra Energy by 160.1% during the second quarter. Bank of Montreal Can now owns 2,898,876 shares of the company’s stock worth $80,154,000 after purchasing an additional 1,784,192 shares during the period. Marshall Wace LLP grew its stake in Coterra Energy by 5,325.5% during the second quarter. Marshall Wace LLP now owns 1,148,569 shares of the company’s stock worth $30,632,000 after purchasing an additional 1,127,399 shares during the period. Clearbridge Investments LLC acquired a new stake in Coterra Energy during the first quarter worth approximately $28,967,000. American Century Companies Inc. grew its stake in Coterra Energy by 29.1% during 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 period. Finally, Earnest Partners LLC grew its stake in Coterra Energy by 37.5% during the first quarter. Earnest Partners LLC now owns 1,918,569 shares of the company’s stock worth $53,490,000 after purchasing an additional 523,480 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $25.42 on Tuesday. The business’s fifty day simple moving average is $23.77 and its 200 day simple moving average is $25.54. The firm has a market capitalization of $18.72 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.59 and a beta of 0.22. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $28.90. The company has a current ratio of 1.61, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.47 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s dividend payout ratio is currently 50.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stephens raised their target price on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley cut their price target on Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Truist Financial cut their price target on Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Susquehanna cut their price target on Coterra Energy from $33.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.29.

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.