Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC reduced its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,421,225 shares of the company's stock after selling 318,547 shares during the quarter. Aristotle Capital Management LLC owned about 4.67% of Coterra Energy worth $879,118,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Morgan Stanley set a $28.00 price target on Coterra Energy in a report on Tuesday, April 15th. Scotiabank decreased their price objective on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.85.

Coterra Energy Trading Down 1.3 %

CTRA traded down $0.30 during trading on Wednesday, hitting $22.63. 11,369,498 shares of the company's stock were exchanged, compared to its average volume of 6,301,783. The stock has a 50 day moving average price of $26.51 and a 200 day moving average price of $26.38. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.29 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm's quarterly revenue was up 32.9% compared to the same quarter last year. As a group, analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is 58.28%.

Insider Activity

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction that occurred 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 sale, the senior vice president now directly owns 106,114 shares in the company, valued at $3,086,856.26. The trade was a 19.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company'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 value of $941,735.74. Following the completion of the transaction, 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. Insiders own 1.70% of the company's stock.

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.