14,640 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Algert Global LLC

Algert Global LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,640 shares of the company's stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased 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 purchasing an additional 64,753 shares during the last quarter. Czech National Bank grew its position in Coterra Energy by 6.1% in the 4th quarter. Czech National Bank now owns 159,713 shares of the company's stock valued at $4,079,000 after acquiring an additional 9,115 shares in the last quarter. City State Bank acquired a new position in Coterra Energy in the 4th quarter valued at about $26,000. Wedmont Private Capital acquired a new position in Coterra Energy in the 4th quarter valued at about $291,000. Finally, Kwmg LLC grew its position in Coterra Energy by 3.4% in the 4th quarter. Kwmg LLC now owns 209,907 shares of the company's stock valued at $5,361,000 after acquiring an additional 6,932 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTRA. Wells Fargo & Company lifted their target price on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Scotiabank decreased their price objective on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Raymond James decreased their price objective on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Williams Trading set a $37.00 price objective on Coterra Energy in a research note on Wednesday, March 5th. Finally, Piper Sandler decreased their price objective on Coterra Energy from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Three investment 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.50.

Insider Buying and Selling 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 Coterra Energy stock in a transaction on Monday, March 10th. The stock was 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 position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Coterra Energy Stock Performance

Shares of NYSE:CTRA traded up $0.11 during trading on Friday, reaching $24.80. The company had a trading volume of 6,938,939 shares, compared to its average volume of 6,388,496. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock's fifty day moving average price is $26.13 and its 200 day moving average price is $26.41. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is currently 51.16%.

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.