Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,318 shares of the company’s stock after selling 1,817 shares during the period. Xponance Inc.’s holdings in Coterra Energy were worth $2,356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CTRA. Schroder Investment Management Group lifted its position in Coterra Energy by 21.7% in the third quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company’s stock worth $194,422,000 after purchasing an additional 1,281,094 shares during the period. AQR Capital Management LLC lifted its position in Coterra Energy by 60.4% in the third quarter. AQR Capital Management LLC now owns 1,936,277 shares of the company’s stock worth $52,376,000 after purchasing an additional 729,306 shares during the period. Envestnet Asset Management Inc. lifted its position in Coterra Energy by 47.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,247,785 shares of the company’s stock worth $60,803,000 after purchasing an additional 720,464 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Coterra Energy by 3.5% in the third quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company’s stock valued at $431,329,000 after buying an additional 544,768 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Coterra Energy by 59.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,454,603 shares of the company’s stock valued at $39,347,000 after buying an additional 541,518 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 0.7 %

NYSE CTRA opened at $27.95 on Tuesday. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $21.01 billion, a PE ratio of 13.06 and a beta of 0.21. The firm’s fifty day simple moving average is $26.78 and its 200-day simple moving average is $26.40.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, sell-side analysts anticipate that Coterra Energy Inc. will post 1.93 earnings per share for the current fiscal year.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. Coterra Energy’s dividend payout ratio is 39.25%.

Insider Transactions at Coterra Energy

In related news, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the sale, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Susquehanna upped their price target on Coterra Energy from $30.00 to $32.00 and gave the company a “positive” rating in a report on Monday. UBS Group upped their price target on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 1st. Mizuho reaffirmed a “buy” rating and issued a $34.00 price target on shares of Coterra Energy in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price target on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Truist Financial dropped their price target on Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.47.

About Coterra Energy

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.