Centiva Capital LP Decreases Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Centiva Capital LP reduced its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,842 shares of the company's stock after selling 22,339 shares during the period. Centiva Capital LP's holdings in Coterra Energy were worth $660,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. City State Bank bought a new stake in shares of Coterra Energy in the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc grew its stake in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC grew its stake in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new stake in shares of Coterra Energy in the fourth quarter worth approximately $32,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Coterra Energy in the fourth quarter worth approximately $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Performance

Shares of CTRA remained flat at $24.76 during mid-day trading on Wednesday. 2,959,491 shares of the company's stock were exchanged, compared to its average volume of 7,076,106. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business's 50 day moving average price is $26.26 and its two-hundred day moving average price is $26.39. 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 (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping 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 firm had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company's quarterly revenue was up 32.9% compared to the same quarter last year. On average, research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTRA. The Goldman Sachs Group lifted their price target 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. Susquehanna cut their target price on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Barclays cut their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Three investment 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 presently has an average rating of "Moderate Buy" and an average target price of $33.50.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the business'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 transaction, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.