Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 725,321 shares of the company's stock after selling 42,780 shares during the quarter. Captrust Financial Advisors owned about 0.10% of Coterra Energy worth $18,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CTRA. Private Trust Co. NA lifted its stake in Coterra Energy by 20.0% during the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock worth $55,000 after purchasing an additional 356 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Coterra Energy by 1.8% during the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock worth $559,000 after purchasing an additional 389 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Coterra Energy by 3.8% during the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after buying an additional 413 shares during the last quarter. Blue Trust Inc. grew its position in shares of Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock valued at $182,000 after buying an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC raised its stake in Coterra Energy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock worth $2,543,000 after acquiring an additional 421 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CTRA shares. Truist Financial boosted their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. UBS Group decreased their price objective on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Piper Sandler increased their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Finally, Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a research note on Tuesday, April 15th. Three equities 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's stock. Based on data from MarketBeat, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 25,733 shares of the business'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 completion of the sale, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. The trade was a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Price Performance

Coterra Energy stock traded up $0.28 during mid-day trading on Friday, reaching $23.40. The company had a trading volume of 5,653,311 shares, compared to its average volume of 6,327,562. The company has a market capitalization of $17.88 billion, a P/E ratio of 14.10, a P/E/G 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 50-day simple moving average is $26.30 and its 200-day simple moving average is $26.35. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95.

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

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, May 15th. Coterra Energy's payout ratio is 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.