Dean Capital Management Takes Position in Coterra Energy Inc. (NYSE:CTRA)

Dean Capital Management bought a new position in Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,462 shares of the company’s stock, valued at approximately $1,289,000.

A number of other large investors have also added to or reduced their stakes in CTRA. City State Bank bought a new stake in shares of Coterra Energy in the 4th quarter worth about $26,000. AdvisorNet Financial Inc increased its stake in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the last quarter. MCF Advisors LLC raised its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd bought a new stake in Coterra Energy in the fourth quarter worth about $32,000. Finally, Plato Investment Management Ltd purchased a new position in Coterra Energy during the 4th quarter valued at $43,000. Institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

CTRA has been the subject of several research analyst reports. Barclays decreased their price target on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Scotiabank reduced their price target on Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Finally, Bank of America decreased their target price on shares of Coterra Energy from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.85.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares of the company’s stock, valued at $3,086,856.26. The trade was a 19.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Coterra Energy Trading Down 9.1 %

NYSE CTRA opened at $22.98 on Wednesday. The firm’s fifty day moving average is $26.51 and its two-hundred day moving average is $26.38. 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 firm has a market cap of $17.56 billion, a PE ratio of 13.84, a P/E/G ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company had revenue of $924.00 million for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. Analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.83%. Coterra Energy’s dividend payout ratio is presently 58.28%.

Coterra Energy Company 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.