Coterra Energy Inc. (NYSE:CTRA) Holdings Boosted by BCGM Wealth Management LLC

BCGM Wealth Management LLC raised its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 101,597 shares of the company’s stock after acquiring an additional 514 shares during the period. BCGM Wealth Management LLC’s holdings in Coterra Energy were worth $2,433,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC raised its position in Coterra Energy by 154.9% during the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after buying an additional 567 shares during the period. Larson Financial Group LLC grew its stake in Coterra Energy by 98.0% during the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after acquiring an additional 535 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after purchasing an additional 557 shares during the period. Values First Advisors Inc. purchased a new stake in shares of Coterra Energy in the third quarter worth approximately $57,000. Finally, Family Firm Inc. acquired a new stake in shares of Coterra Energy during the second quarter worth approximately $68,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CTRA. Susquehanna increased their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday. Roth Mkm upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $29.00 in a report on Tuesday, August 27th. Mizuho raised their price objective on Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays lifted their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Scotiabank lowered their price target on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.41.

Coterra Energy Stock Up 0.6 %

Shares of NYSE:CTRA opened at $25.58 on Friday. The company’s fifty day moving average is $23.95 and its 200-day moving average is $25.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $28.90. The company has a market capitalization of $18.84 billion, a PE ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities research analysts predict that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s payout ratio is presently 50.60%.

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.