Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Argent Trust Co

Argent Trust Co decreased its position in Coterra Energy Inc. (NYSE:CTRA) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,007 shares of the company’s stock after selling 999 shares during the period. Argent Trust Co’s holdings in Coterra Energy were worth $460,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTRA. Private Trust Co. NA lifted its holdings in Coterra Energy by 20.0% in the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock worth $55,000 after purchasing an additional 356 shares during the period. CENTRAL TRUST Co raised its position in shares of Coterra Energy by 1.8% during the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after buying an additional 389 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. boosted its holdings in shares of Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after acquiring an additional 420 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock valued at $2,543,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CTRA shares. UBS Group decreased their price target on Coterra Energy from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Barclays raised their target price on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Mizuho lifted their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Truist Financial increased their target price on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Johnson Rice upgraded Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Coterra Energy Stock Performance

CTRA opened at $25.13 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The company has a market cap of $19.20 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $26.27. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.22 dividend. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.50%. Coterra Energy’s dividend payout ratio (DPR) is currently 58.28%.

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.