180 Wealth Advisors LLC Purchases 1,046 Shares of Coterra Energy Inc. (NYSE:CTRA)

180 Wealth Advisors LLC increased its position in Coterra Energy Inc. (NYSE:CTRA) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,971 shares of the company’s stock after acquiring an additional 1,046 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Coterra Energy were worth $331,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after acquiring an additional 744 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Coterra Energy in the fourth quarter valued at approximately $209,000. Kwmg LLC lifted its position in Coterra Energy by 3.4% during the fourth quarter. Kwmg LLC now owns 209,907 shares of the company’s stock valued at $5,361,000 after purchasing an additional 6,932 shares during the last quarter. Wedmont Private Capital bought a new stake in Coterra Energy during the fourth quarter valued at approximately $291,000. Finally, City State Bank bought a new stake in Coterra Energy during the fourth quarter valued at approximately $26,000. 87.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRA has been the subject of several research analyst reports. Susquehanna lifted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Mizuho lifted their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Scotiabank dropped their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Truist Financial lifted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday. Finally, Stephens lifted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.76.

Coterra Energy Stock Up 0.8 %

Shares of NYSE CTRA opened at $29.10 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.19. The firm’s fifty day moving average is $25.84 and its 200 day moving average is $24.98. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.64 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. On average, equities research analysts expect that Coterra Energy Inc. will post 1.53 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was 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.