Css LLC Il Has $1.02 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Css LLC Il boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 29.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,013 shares of the company’s stock after buying an additional 9,095 shares during the quarter. Css LLC Il’s holdings in Coterra Energy were worth $1,022,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP bought a new position in shares of Coterra Energy in the 4th quarter worth $942,000. State of Tennessee Department of Treasury lifted its stake in Coterra Energy by 7.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company’s stock valued at $12,075,000 after buying an additional 31,425 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Coterra Energy in the fourth quarter valued at about $641,000. Bourgeon Capital Management LLC boosted its holdings in Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after buying an additional 122,487 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after buying an additional 64,753 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTRA. UBS Group cut their price target on shares of Coterra Energy from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Williams Trading set a $37.00 target price on shares of Coterra Energy in a research note on Wednesday, March 5th. Jefferies Financial Group increased their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Pickering Energy Partners lowered shares of Coterra Energy from an “outperform” rating to a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Coterra Energy Stock Down 1.5%

NYSE:CTRA opened at $24.50 on Thursday. The stock has a 50-day simple moving average of $25.98 and a 200 day simple moving average of $26.40. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a market cap of $18.70 billion, a PE ratio of 14.76, a PEG ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

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

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.59%. The ex-dividend date is Thursday, May 15th. Coterra Energy’s payout ratio is 51.16%.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction 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 represents a 19.52% decrease in their ownership of the stock. The transaction 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 that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at $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. 1.70% of the stock is owned by insiders.

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.