Accurate Wealth Management LLC Has $1.09 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Accurate Wealth Management LLC boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,395 shares of the company’s stock after acquiring an additional 5,011 shares during the period. Accurate Wealth Management LLC’s holdings in Coterra Energy were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CTRA. 180 Wealth Advisors LLC lifted its position in Coterra Energy by 8.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 12,971 shares of the company’s stock worth $331,000 after acquiring an additional 1,046 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Coterra Energy during the 4th quarter worth approximately $209,000. Kwmg LLC boosted its stake in Coterra Energy by 3.4% in the 4th 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 period. Finally, Wedmont Private Capital acquired a new position in Coterra Energy in the 4th quarter valued at $291,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank dropped their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Barclays raised their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.76.

Coterra Energy Stock Performance

NYSE CTRA opened at $28.89 on Wednesday. The firm’s fifty day moving average price is $25.75 and its two-hundred day moving average price is $24.95. The stock has a market cap of $21.28 billion, a PE ratio of 17.40, a PEG ratio of 1.64 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.17.

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

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is currently 50.60%.

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.