American Trust Investment Advisors LLC Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

American Trust Investment Advisors LLC bought a new position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 142,510 shares of the company's stock, valued at approximately $3,640,000.

A number of other large investors have also recently bought and sold shares of the stock. City State Bank acquired a new stake in shares of Coterra Energy in the 4th quarter valued at $26,000. AdvisorNet Financial Inc lifted its holdings in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after buying an additional 869 shares in the last quarter. R Squared Ltd bought a new stake in Coterra Energy during the fourth quarter worth about $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy during the fourth quarter worth approximately $43,000. 87.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTRA has been the topic of a number of research analyst reports. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and increased their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. UBS Group decreased their target price on Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Truist Financial lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Barclays decreased their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.95.

Insider Buying and Selling at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the firm's 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 sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the company's 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 directly owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Coterra Energy Trading Down 1.5 %

NYSE:CTRA traded down $0.39 during trading hours on Monday, hitting $25.28. The stock had a trading volume of 8,122,307 shares, compared to its average volume of 6,203,578. The business's 50 day moving average is $26.58 and its 200-day moving average is $26.41. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 15.23, 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. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.48%. Coterra Energy's 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.