Apollon Wealth Management LLC Has $436,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Apollon Wealth Management LLC lowered its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 11.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,223 shares of the company’s stock after selling 2,250 shares during the period. Apollon Wealth Management LLC’s holdings in Coterra Energy were worth $436,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CTRA. Fortitude Family Office LLC boosted its holdings in Coterra Energy by 154.9% in the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock worth $25,000 after acquiring an additional 567 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Coterra Energy by 98.0% in the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after acquiring an additional 535 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Coterra Energy by 31.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock worth $64,000 after acquiring an additional 557 shares in the last quarter. Values First Advisors Inc. bought a new position in Coterra Energy in the third quarter worth approximately $57,000. Finally, Family Firm Inc. bought a new position in Coterra Energy in the second quarter worth approximately $68,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

CTRA has been the topic of several recent research reports. Mizuho increased their price target on Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group raised their target price on Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler raised their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. dropped their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Morgan Stanley raised their target price on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.41.

Coterra Energy Stock Performance

NYSE:CTRA opened at $25.58 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The business has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $25.46. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The company has a market capitalization of $18.84 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released 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). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that Coterra Energy Inc. will post 1.53 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) 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.