Coterra Energy Inc. $CTRA Shares Sold by Integrity Wealth Advisors Inc.

Integrity Wealth Advisors Inc. trimmed its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 46.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,072 shares of the company’s stock after selling 10,452 shares during the period. Integrity Wealth Advisors Inc.’s holdings in Coterra Energy were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Coterra Energy by 4.3% during the first quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company’s stock worth $2,668,559,000 after purchasing an additional 3,818,700 shares during the period. Wellington Management Group LLP raised its holdings in shares of Coterra Energy by 15.3% during the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company’s stock worth $2,416,939,000 after purchasing an additional 11,102,350 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Coterra Energy by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,304,940 shares of the company’s stock worth $731,313,000 after purchasing an additional 1,837,614 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Coterra Energy by 5.7% during the first quarter. Victory Capital Management Inc. now owns 18,828,688 shares of the company’s stock worth $544,149,000 after purchasing an additional 1,019,995 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Coterra Energy by 1.2% during the first quarter. Invesco Ltd. now owns 12,384,728 shares of the company’s stock worth $357,919,000 after purchasing an additional 152,244 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CTRA shares. Wells Fargo & Company increased their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Raymond James Financial reaffirmed 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. Piper Sandler increased their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Scotiabank reaffirmed an “outperform” rating on shares of Coterra Energy in a report on Friday, July 11th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Coterra Energy in a report on Tuesday, July 1st. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.39.

Coterra Energy Stock Performance

Shares of CTRA opened at $24.36 on Friday. The firm has a 50-day moving average price of $24.15 and a 200 day moving average price of $25.34. The firm has a market capitalization of $18.59 billion, a PE ratio of 11.66, a P/E/G ratio of 0.33 and a beta of 0.34. 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 52-week low of $22.41 and a 52-week high of $29.95.

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

Coterra Energy Dividend Announcement

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

Coterra Energy 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.