apricus wealth LLC Raises Stake in Coterra Energy Inc. (NYSE:CTRA)

apricus wealth LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,155 shares of the company’s stock after acquiring an additional 3,025 shares during the period. Coterra Energy accounts for about 1.7% of apricus wealth LLC’s investment portfolio, making the stock its 26th largest holding. apricus wealth LLC’s holdings in Coterra Energy were worth $2,638,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Impact Partnership Wealth LLC lifted its position in Coterra Energy by 23.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 25,689 shares of the company’s stock valued at $615,000 after acquiring an additional 4,868 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Coterra Energy by 3.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 55,968 shares of the company’s stock worth $1,340,000 after buying an additional 1,703 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Coterra Energy in the third quarter worth about $1,986,000. U.S. Capital Wealth Advisors LLC raised its holdings in Coterra Energy by 0.8% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 268,346 shares of the company’s stock worth $6,427,000 after buying an additional 2,216 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in Coterra Energy in the third quarter worth about $698,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CTRA. JPMorgan Chase & Co. decreased their target price on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Susquehanna decreased their target price on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company decreased their target price on shares of Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, Barclays decreased their price objective on shares of Coterra Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.06.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 1.40. The firm has a fifty day moving average price of $23.84 and a 200 day moving average price of $25.87. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $28.90. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.41 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. Coterra Energy’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. As a group, sell-side analysts expect that Coterra Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, August 15th. Coterra Energy’s payout ratio is 48.55%.

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.