Benjamin Edwards Inc. Has $2.17 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Benjamin Edwards Inc. lifted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 376,945.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 90,491 shares of the company’s stock after acquiring an additional 90,467 shares during the quarter. Benjamin Edwards Inc.’s holdings in Coterra Energy were worth $2,167,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its stake in Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after buying an additional 535 shares in the last quarter. Values First Advisors Inc. acquired a new stake in Coterra Energy during the third quarter worth about $57,000. Tobam acquired a new stake in Coterra Energy during the third quarter worth about $63,000. EverSource Wealth Advisors LLC boosted its stake in shares of Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after purchasing an additional 557 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at approximately $67,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coterra Energy

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

Coterra Energy Stock Down 2.1 %

Coterra Energy stock opened at $25.63 on Thursday. 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 52-week low of $22.30 and a 52-week high of $28.90. The firm has a 50 day moving average price of $24.85 and a two-hundred day moving average price of $25.34. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.70 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts predict that Coterra Energy Inc. will post 1.53 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is 50.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CTRA shares. Roth Mkm upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $29.00 in a research note on Tuesday, August 27th. Susquehanna raised their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Piper Sandler raised their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Scotiabank reduced their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Barclays raised their price target on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.47.

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.