Coterra Energy Inc. (NYSE:CTRA) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,363,838 shares of the company's stock after purchasing an additional 577,870 shares during the period. AQR Capital Management LLC owned 0.46% of Coterra Energy worth $85,912,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp grew its position in Coterra Energy by 7.0% in the 4th quarter. Northern Trust Corp now owns 8,777,764 shares of the company's stock worth $224,184,000 after purchasing an additional 571,193 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Coterra Energy by 1.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 708,873 shares of the company's stock valued at $18,105,000 after acquiring an additional 10,187 shares during the period. Optiver Holding B.V. acquired a new position in Coterra Energy in the 4th quarter valued at approximately $50,000. Susquehanna Fundamental Investments LLC bought a new stake in Coterra Energy in the 4th quarter valued at $11,473,000. Finally, Virtus ETF Advisers LLC boosted its position in Coterra Energy by 23.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 7,475 shares of the company's stock valued at $191,000 after buying an additional 1,402 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Performance

CTRA traded down $2.20 during midday trading on Tuesday, reaching $23.07. The company had a trading volume of 12,929,535 shares, compared to its average volume of 6,234,021. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market cap of $17.63 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.59 and a beta of 0.33. The business has a 50-day moving average of $26.58 and a two-hundred day moving average of $26.41.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company's revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, equities research analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.81%. Coterra Energy's dividend payout ratio (DPR) is 58.28%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTRA shares. UBS Group cut their price objective on Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their target price for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Susquehanna cut their price target on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Truist Financial upped their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upped their price objective on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.85.

Insider Buying and Selling

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Coterra Energy 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.