Coterra Energy Inc. $CTRA Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,234 shares of the company’s stock after purchasing an additional 876 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Coterra Energy were worth $310,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock worth $25,000 after purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock worth $26,000 after buying an additional 737 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Coterra Energy in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Coterra Energy in the first quarter valued at approximately $34,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Coterra Energy during the first quarter valued at approximately $46,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Up 2.4%

Shares of NYSE CTRA opened at $23.85 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. Coterra Energy Inc. has a 12 month low of $22.46 and a 12 month high of $29.95. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 0.33 and a beta of 0.29. The business has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $24.90.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. Coterra Energy’s quarterly revenue was up 54.6% on a year-over-year basis. Sell-side analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Coterra Energy’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CTRA. Barclays boosted their target price on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective (down previously from $38.00) on shares of Coterra Energy in a report on Thursday, September 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 target price on shares of Coterra Energy in a report on Tuesday, July 1st. Wells Fargo & Company upped their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Finally, Scotiabank restated an “outperform” rating on shares of Coterra Energy in a research report on Friday, July 11th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $33.22.

Coterra Energy Company 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.