Venture Visionary Partners LLC Sells 138,359 Shares of Coterra Energy Inc. $CTRA

Key Points

• Venture Visionary Partners LLC significantly reduced its holdings in Coterra Energy Inc. by 92.7%, selling 138,359 shares during the first quarter, leaving them with 10,920 shares valued at $316,000.
• Research analysts have mixed opinions on Coterra Energy, with one downgrading the stock to a "neutral" rating while others have set target prices between $33.00 and $39.00, reflecting a general consensus of a "Moderate Buy" rating.
• Coterra Energy has announced a quarterly dividend of $0.22 per share, representing a yield of 3.8%, with the ex-dividend date set for August 14th.

Venture Visionary Partners LLC lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 92.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,920 shares of the company's stock after selling 138,359 shares during the quarter. Venture Visionary Partners LLC's holdings in Coterra Energy were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in shares of Coterra Energy during the fourth quarter worth $942,000. State of Tennessee Department of Treasury lifted its holdings in shares of Coterra Energy by 7.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company's stock worth $12,075,000 after buying an additional 31,425 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Coterra Energy during the fourth quarter worth $641,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Coterra Energy by 7.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 123,054 shares of the company's stock worth $3,577,000 after buying an additional 8,726 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Coterra Energy during the first quarter worth $233,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Trading Up 1.4%

NYSE CTRA traded up $0.3350 on Friday, reaching $23.7750. The company had a trading volume of 4,496,978 shares, compared to its average volume of 6,675,101. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.32 and a beta of 0.33. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business has a 50 day moving average of $24.69 and a two-hundred day moving average of $25.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08.

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 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 analyst estimates of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business's revenue for the quarter was up 54.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. Analysts forecast 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 will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Coterra Energy's dividend payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTRA. Bank of America dropped their target price on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company boosted 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. Scotiabank reaffirmed an "outperform" rating on shares of Coterra Energy in a research note on Friday, July 11th. Barclays boosted their price target on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Mizuho dropped their price target on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.37.

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.