AE Wealth Management LLC Has $306,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

AE Wealth Management LLC increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 36.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,481 shares of the company’s stock after acquiring an additional 3,046 shares during the period. AE Wealth Management LLC’s holdings in Coterra Energy were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Coterra Energy by 0.5% in the fourth 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 in the last quarter. Schroder Investment Management Group grew its position in Coterra Energy by 8.7% in the fourth quarter. Schroder Investment Management Group now owns 7,815,648 shares of the company’s stock valued at $199,455,000 after purchasing an additional 628,132 shares in the last quarter. King Luther Capital Management Corp grew its position in Coterra Energy by 4.4% in the second quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after purchasing an additional 285,774 shares in the last quarter. American Century Companies Inc. grew its position in Coterra Energy by 29.1% in the second quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after purchasing an additional 1,013,107 shares in the last quarter. Finally, Equity Investment Corp grew its position in Coterra Energy by 0.7% in the second quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock valued at $86,082,000 after purchasing an additional 22,017 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Price Performance

Shares of Coterra Energy stock opened at $23.74 on Friday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.89. 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 company has a 50-day simple moving average of $24.07 and a two-hundred day simple moving average of $26.30. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.37 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 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $0.38 EPS. Coterra Energy’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts forecast that Coterra Energy Inc. will post 1.74 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, August 15th. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their price objective on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Morgan Stanley decreased their price objective on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. UBS Group decreased their price objective on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, BMO Capital Markets raised shares of Coterra Energy to a “hold” rating in a research report on Wednesday, July 3rd. Two 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.59.

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.