Cwm LLC Sells 19,011 Shares of Coterra Energy Inc. $CTRA

Key Points

• Cwm LLC has reduced its holdings in Coterra Energy Inc. by 13.1%, selling 19,011 shares during the second quarter, leaving them with 125,914 shares valued at approximately $3.2 million.
• Coterra Energy recently announced a quarterly dividend of $0.22 per share, reflecting a 3.9% annual yield and a payout ratio of 42.11%.
• The company's stock price increased by 1.0% to $22.82, while its market capitalization stands at $17.41 billion and it has a price-to-earnings ratio of 10.92.

Cwm LLC lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 13.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,914 shares of the company's stock after selling 19,011 shares during the period. Cwm LLC's holdings in Coterra Energy were worth $3,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRA. GAMMA Investing LLC grew its position in Coterra Energy by 95.8% during the 1st quarter. GAMMA Investing LLC now owns 23,421 shares of the company's stock worth $677,000 after acquiring an additional 11,459 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Coterra Energy by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,425 shares of the company's stock valued at $1,486,000 after buying an additional 1,037 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Coterra Energy by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 251,726 shares of the company's stock valued at $7,275,000 after buying an additional 21,733 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in shares of Coterra Energy in the first quarter valued at about $237,000. Finally, QRG Capital Management Inc. increased its stake in shares of Coterra Energy by 25.6% in the first quarter. QRG Capital Management Inc. now owns 83,500 shares of the company's stock valued at $2,413,000 after buying an additional 17,045 shares during the period. Institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Up 1.0%

Shares of Coterra Energy stock opened at $22.82 on Friday. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08. The stock's 50-day moving average is $23.80 and its 200 day moving average is $24.61. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.34 and a beta of 0.29.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its 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). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The firm's revenue for the quarter was up 54.6% on a year-over-year basis. Equities research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 14th. Coterra Energy's dividend payout ratio is 42.11%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James Financial reissued an "outperform" rating and issued a $34.00 price target (down previously from $38.00) on shares of Coterra Energy in a research note on Thursday, September 11th. Morgan Stanley decreased their price target on Coterra Energy from $29.00 to $28.00 and set an "equal weight" rating for the company in a research note on Tuesday. Wells Fargo & Company increased their price target on Coterra Energy from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Mizuho decreased their price target on Coterra Energy from $36.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Finally, Zacks Research cut Coterra Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, October 13th. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

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.

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