Redhawk Wealth Advisors Inc. Has $524,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

Redhawk Wealth Advisors Inc. increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,880 shares of the company’s stock after purchasing an additional 2,430 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Coterra Energy were worth $524,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Coterra Energy during the 1st quarter valued at $656,000. Quadrature Capital Ltd increased its position in Coterra Energy by 112.2% in the 1st quarter. Quadrature Capital Ltd now owns 72,395 shares of the company’s stock worth $2,018,000 after purchasing an additional 38,278 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Coterra Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock worth $2,243,900,000 after purchasing an additional 407,244 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Coterra Energy by 130.3% during the 1st quarter. CreativeOne Wealth LLC now owns 56,860 shares of the company’s stock valued at $1,586,000 after buying an additional 32,173 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Coterra Energy by 5.0% in the 2nd quarter. Raymond James & Associates now owns 1,187,663 shares of the company’s stock valued at $31,675,000 after buying an additional 56,748 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTRA has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Piper Sandler decreased their price objective on shares of Coterra Energy from $39.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. cut their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company decreased their price target on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.06.

Coterra Energy Stock Performance

NYSE CTRA opened at $24.41 on Tuesday. The company’s fifty day moving average is $23.83 and its two-hundred day moving average is $26.10. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.41 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.38. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.89.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Coterra Energy Inc. will post 1.72 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.21 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.84 annualized dividend and a yield of 3.44%. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

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.