Hennion & Walsh Asset Management Inc. Has $1.70 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Hennion & Walsh Asset Management Inc. decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,924 shares of the company’s stock after selling 17,321 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Coterra Energy were worth $1,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CTRA. Stone House Investment Management LLC increased its stake in Coterra Energy by 32.4% during the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after purchasing an additional 438 shares in the last quarter. Financial Advisors Network Inc. increased its position in shares of Coterra Energy by 3.6% during the fourth quarter. Financial Advisors Network Inc. now owns 14,575 shares of the company’s stock worth $372,000 after acquiring an additional 501 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Coterra Energy by 1.9% during the third quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after acquiring an additional 503 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Coterra Energy by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 51,140 shares of the company’s stock worth $1,305,000 after acquiring an additional 535 shares during the last quarter. Finally, SevenBridge Financial Group LLC lifted its position in Coterra Energy by 5.0% in the 4th quarter. SevenBridge Financial Group LLC now owns 11,353 shares of the company’s stock valued at $290,000 after acquiring an additional 543 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTRA has been the subject of a number of recent research reports. Barclays began coverage on Coterra Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Citigroup lifted their price objective on shares of Coterra Energy from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Susquehanna upped their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. Finally, Piper Sandler raised their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and an average target price of $33.93.

Coterra Energy Price Performance

Coterra Energy stock opened at $26.67 on Friday. The business’s 50 day simple moving average is $27.65 and its 200 day simple moving average is $26.57. Coterra Energy Inc. has a 12 month low of $23.73 and a 12 month high of $29.89. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.24 and a beta of 0.21. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. Sell-side analysts forecast that Coterra Energy Inc. will post 2 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.15%. Coterra Energy’s dividend payout ratio is presently 48.55%.

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.