Benjamin Edwards Inc. Acquires 21,918 Shares of Coterra Energy Inc. $CTRA

Benjamin Edwards Inc. increased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 168.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,940 shares of the company’s stock after buying an additional 21,918 shares during the quarter. Benjamin Edwards Inc.’s holdings in Coterra Energy were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GoalVest Advisory LLC bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in Coterra Energy during the third quarter worth $29,000. City Holding Co. raised its stake in Coterra Energy by 144.4% during the fourth quarter. City Holding Co. now owns 1,222 shares of the company’s stock worth $32,000 after acquiring an additional 722 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Coterra Energy during the third quarter valued at $29,000. Finally, Triumph Capital Management acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at $31,000. Institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRA has been the subject of several analyst reports. Stephens lifted their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Zacks Research raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings raised Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Barclays raised their price target on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, Scotiabank boosted their price objective on Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.32.

Coterra Energy Stock Performance

Coterra Energy stock opened at $32.25 on Friday. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $36.88. The company has a market cap of $24.49 billion, a PE ratio of 14.15, a PEG ratio of 0.48 and a beta of 0.32. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $33.06 and its two-hundred day moving average is $28.97.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.28). Coterra Energy had a net margin of 22.46% and a return on equity of 10.43%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.25 billion. Equities analysts anticipate that Coterra Energy Inc. will post 2.87 earnings per share for the current year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s dividend payout ratio (DPR) is currently 38.60%.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.