Atria Wealth Solutions Inc. Sells 13,095 Shares of Coterra Energy Inc. (NYSE:CTRA)

Atria Wealth Solutions Inc. trimmed its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 22.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,626 shares of the company's stock after selling 13,095 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Coterra Energy were worth $1,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after purchasing an additional 555 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Coterra Energy by 463.5% in the first 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 shares of Coterra Energy in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Coterra Energy in the first quarter valued at approximately $34,000. Finally, Investors Research Corp boosted its holdings in shares of Coterra Energy by 45.2% in the first quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after acquiring an additional 408 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the subject of several analyst reports. Susquehanna cut their price target on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Barclays upped their price target on Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Piper Sandler restated an "overweight" rating and set a $39.00 price target (up previously from $37.00) on shares of Coterra Energy in a research note on Thursday. The Goldman Sachs Group restated a "neutral" rating and set a $31.00 price target on shares of Coterra Energy in a research note on Tuesday, July 1st. Finally, Bank of America cut their price target on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.37.

Coterra Energy Stock Up 0.4%

CTRA stock traded up $0.09 during midday trading on Thursday, hitting $24.09. 7,459,324 shares of the company's stock were exchanged, compared to its average volume of 7,102,337. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The firm has a 50 day moving average price of $25.01 and a 200-day moving average price of $25.92. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.32 and a beta of 0.33.

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

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, August 14th. Coterra Energy's payout ratio is 42.11%.

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.