Allworth Monetary LP trimmed its stake in Coterra Power Inc. (NYSE:CTRA – Free Report) by 14.6% within the third quarter, in line with the corporate in its most up-to-date disclosure with the SEC. The agency owned 17,720 shares of the corporate’s inventory after promoting 3,021 shares through the quarter. Allworth Monetary LP’s holdings in Coterra Power have been value $424,000 as of its most up-to-date submitting with the SEC.
Quite a few different institutional traders have additionally not too long ago purchased and bought shares of the inventory. Heritage Oak Wealth Advisors LLC acquired a brand new place in shares of Coterra Power through the third quarter value $217,000. Values First Advisors Inc. acquired a brand new stake in shares of Coterra Power through the third quarter value $57,000. apricus wealth LLC raised its holdings in shares of Coterra Power by 2.8% through the third quarter. apricus wealth LLC now owns 110,155 shares of the corporate’s inventory value $2,638,000 after buying an extra 3,025 shares through the interval. Affect Partnership Wealth LLC raised its holdings in shares of Coterra Power by 23.4% through the third quarter. Affect Partnership Wealth LLC now owns 25,689 shares of the corporate’s inventory value $615,000 after buying an extra 4,868 shares through the interval. Lastly, Hennion & Walsh Asset Administration Inc. raised its holdings in shares of Coterra Power by 3.1% through the third quarter. Hennion & Walsh Asset Administration Inc. now owns 55,968 shares of the corporate’s inventory value $1,340,000 after buying an extra 1,703 shares through the interval. 87.92% of the inventory is at present owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
Quite a few equities analysts not too long ago issued reviews on CTRA shares. Piper Sandler decreased their goal value on shares of Coterra Power from $39.00 to $31.00 and set an “chubby” ranking for the corporate in a analysis report on Thursday, August fifteenth. BMO Capital Markets raised shares of Coterra Power to a “maintain” ranking in a analysis notice on Wednesday, July third. Morgan Stanley diminished their value goal on shares of Coterra Power from $29.00 to $27.00 and set an “equal weight” ranking for the corporate in a analysis notice on Monday, September sixteenth. Scotiabank diminished their value goal on shares of Coterra Power from $35.00 to $32.00 and set a “sector outperform” ranking for the corporate in a analysis report on Thursday, October tenth. Lastly, Wells Fargo & Firm diminished their value goal on shares of Coterra Power from $34.00 to $32.00 and set an “chubby” ranking for the corporate in a analysis report on Tuesday, October 1st. Two equities analysis analysts have rated the inventory with a maintain ranking, sixteen have given a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate presently has a mean ranking of “Average Purchase” and a mean value goal of $32.06.
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Coterra Power Inventory Up 0.2 %
Shares of NYSE CTRA opened at $23.80 on Wednesday. The corporate has a debt-to-equity ratio of 0.16, a fast ratio of 1.38 and a present ratio of 1.40. Coterra Power Inc. has a 52 week low of $22.30 and a 52 week excessive of $28.90. The inventory has a market capitalization of $17.59 billion, a P/E ratio of 13.76, a PEG ratio of 1.41 and a beta of 0.22. The inventory’s fifty day transferring common is $23.82 and its 200 day transferring common is $25.78.
Coterra Power (NYSE:CTRA – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, August 1st. The corporate reported $0.37 EPS for the quarter, lacking analysts’ consensus estimates of $0.39 by ($0.02). The agency had income of $1.27 billion for the quarter, in comparison with analyst estimates of $1.32 billion. Coterra Power had a web margin of 23.18% and a return on fairness of 10.48%. The enterprise’s income for the quarter was up 7.3% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise posted $0.38 earnings per share. Promote-side analysts forecast that Coterra Power Inc. will submit 1.72 earnings per share for the present fiscal 12 months.
Coterra Power Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, August twenty ninth. Shareholders of document on Thursday, August fifteenth have been issued a $0.21 dividend. The ex-dividend date was Thursday, August fifteenth. This represents a $0.84 dividend on an annualized foundation and a yield of three.53%. Coterra Power’s payout ratio is at present 48.55%.
Coterra Power Firm Profile
Coterra Power Inc, an unbiased oil and fuel firm, engages within the growth, exploration, and manufacturing of oil, pure fuel, and pure fuel liquids in the USA. The corporate’s properties embody the Marcellus Shale with roughly 186,000 web acres within the dry fuel window of the play situated in Susquehanna County, Pennsylvania; Permian Basin properties with roughly 296,000 web acres situated in west Texas and southeast New Mexico; and Anadarko Basin properties with roughly 182,000 web acres situated in Oklahoma.
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