Avior Wealth Management LLC Purchases 5,092 Shares of Coterra Energy Inc. (NYSE:CTRA)

Avior Wealth Management LLC increased its stake in Coterra Energy Inc. (NYSE:CTRA) by 42.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,007 shares of the company’s stock after purchasing an additional 5,092 shares during the period. Avior Wealth Management LLC’s holdings in Coterra Energy were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRA. Investors Research Corp boosted its stake in Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company’s stock worth $38,000 after purchasing an additional 408 shares during the period. Plato Investment Management Ltd acquired a new position in Coterra Energy in the 4th quarter worth $43,000. Deseret Mutual Benefit Administrators boosted its stake in Coterra Energy by 33.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after purchasing an additional 429 shares during the period. VSM Wealth Advisory LLC acquired a new position in Coterra Energy in the 4th quarter worth $46,000. Finally, Nemes Rush Group LLC acquired a new position in Coterra Energy in the 4th quarter worth $48,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Johnson Rice upgraded shares of Coterra Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. UBS Group reduced their price objective on shares of Coterra Energy from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Susquehanna reduced their price objective on shares of Coterra Energy from $34.00 to $32.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Coterra Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.30.

Coterra Energy Stock Up 0.9%

Shares of NYSE CTRA opened at $26.98 on Friday. The stock has a market capitalization of $20.60 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.37 and a beta of 0.34. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $26.37. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The firm had revenue of $924.00 million during the quarter, compared to analysts’ expectations of $1.92 billion. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is presently 51.16%.

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.