Interval Partners LP Has $3.73 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Interval Partners LP lifted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 165.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 146,201 shares of the company's stock after purchasing an additional 91,225 shares during the quarter. Interval Partners LP's holdings in Coterra Energy were worth $3,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. City State Bank acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc lifted its stake in Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC lifted its stake in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd bought a new stake in Coterra Energy in the 4th quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy in the 4th quarter valued at approximately $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the topic of several research reports. Scotiabank cut their target price 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. Susquehanna cut their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. UBS Group cut their target price on Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Mizuho cut their target price on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on 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 investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.50.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, 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 value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This represents a 19.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction 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. This represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Coterra Energy Stock Performance

Shares of CTRA stock traded up $0.11 during trading on Friday, reaching $24.80. 6,938,939 shares of the company's stock were exchanged, compared to its average volume of 6,388,496. 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 stock has a market capitalization of $18.93 billion, a PE ratio of 14.94, a PEG ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm's fifty day moving average price is $26.13 and its 200-day moving average price is $26.40.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm's revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, May 15th. Coterra Energy's payout ratio is presently 51.16%.

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.