Dynamic Advisor Solutions LLC Invests $852,000 in Coterra Energy Inc. $CTRA

Dynamic Advisor Solutions LLC acquired a new position in Coterra Energy Inc. (NYSE:CTRA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,033 shares of the company’s stock, valued at approximately $852,000.

A number of other hedge funds also recently made changes to their positions in CTRA. GAMMA Investing LLC boosted its position in shares of Coterra Energy by 2.1% during the third quarter. GAMMA Investing LLC now owns 22,763 shares of the company’s stock worth $538,000 after buying an additional 462 shares during the period. Wellington Shields Capital Management LLC increased its stake in Coterra Energy by 5.4% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 9,725 shares of the company’s stock valued at $247,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in Coterra Energy by 1.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 50,333 shares of the company’s stock worth $1,277,000 after purchasing an additional 531 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Coterra Energy by 5.3% in the second quarter. Fifth Third Wealth Advisors LLC now owns 10,534 shares of the company’s stock valued at $267,000 after buying an additional 533 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Coterra Energy by 26.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,685 shares of the company’s stock worth $68,000 after acquiring an additional 555 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

Shares of NYSE CTRA opened at $25.54 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $29.95. The business’s 50-day moving average price is $25.41 and its two-hundred day moving average price is $24.80. The company has a market capitalization of $19.44 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.43 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s payout ratio is currently 40.55%.

Analyst Ratings Changes

Several research firms have recently weighed in on CTRA. Roth Capital reissued a “buy” rating and set a $27.00 price objective on shares of Coterra Energy in a research note on Tuesday, November 4th. Morgan Stanley cut their target price on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. William Blair assumed coverage on Coterra Energy in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price for the company. Siebert Williams Shank dropped their price target on Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Mizuho lowered their target price on Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.86.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.