J.W. Cole Advisors Inc. Has $333,000 Holdings in Coterra Energy Inc. (NYSE:CTRA)

J.W. Cole Advisors Inc. reduced its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,476 shares of the company’s stock after selling 5,694 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Coterra Energy were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Coterra Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after purchasing an additional 407,244 shares during the last quarter. Schroder Investment Management Group increased its holdings in Coterra Energy by 8.7% in the 4th quarter. Schroder Investment Management Group now owns 7,815,648 shares of the company’s stock valued at $199,455,000 after buying an additional 628,132 shares during the period. American Century Companies Inc. increased its holdings in Coterra Energy by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after buying an additional 1,013,107 shares during the period. Equity Investment Corp increased its holdings in Coterra Energy by 0.7% in the 2nd quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock valued at $86,082,000 after buying an additional 22,017 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Coterra Energy by 4.6% in the 1st quarter. Captrust Financial Advisors now owns 2,952,024 shares of the company’s stock valued at $78,422,000 after buying an additional 128,720 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Up 1.0 %

Shares of NYSE:CTRA opened at $23.24 on Thursday. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.89. The company’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $26.44. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.29 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.16 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Coterra Energy Inc. will post 1.95 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.62%. Coterra Energy’s payout ratio is presently 48.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CTRA shares. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $29.00 in a report on Tuesday, August 27th. Bank of America reissued a “buy” rating and issued a $34.00 price target on shares of Coterra Energy in a report on Friday, June 14th. Wolfe Research assumed coverage on shares of Coterra Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Susquehanna lowered their target price 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. 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.com, Coterra Energy has an average rating of “Moderate Buy” and a consensus target price of $32.59.

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.