Coterra Energy Inc. $CTRA Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC cut its stake in Coterra Energy Inc. (NYSE:CTRA) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,444 shares of the company’s stock after selling 1,793 shares during the period. Tyche Wealth Partners LLC’s holdings in Coterra Energy were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James Financial restated an “outperform” rating and set a $34.00 price objective (down from $38.00) on shares of Coterra Energy in a research note on Thursday, September 11th. Scotiabank restated an “outperform” rating on shares of Coterra Energy in a research note on Friday, July 11th. Barclays cut their target price on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company lifted their target price 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a report on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.22.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $24.51 on Wednesday. The firm has a market cap of $18.70 billion, a PE ratio of 11.72, a PEG ratio of 0.34 and a beta of 0.29. The firm has a fifty day moving average of $23.94 and a 200 day moving average of $24.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy Inc. has a one year low of $22.46 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.Coterra Energy’s revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 14th. Coterra Energy’s payout ratio is presently 42.11%.

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.