Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 152.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 453,122 shares of the company's stock after buying an additional 273,345 shares during the period. Jefferies Financial Group Inc. owned about 0.06% of Coterra Energy worth $11,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank purchased a new stake in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc boosted its holdings in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC boosted 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 buying an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at about $32,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael D. Deshazer sold 35,377 shares of the 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 sale, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. The trade was a 19.52% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CTRA has been the topic of several recent research reports. Barclays reduced their price target on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Mizuho reduced their price target on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced their price target 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. Scotiabank reduced their price target on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Raymond James reduced their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Three research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.

Coterra Energy Trading Up 0.4%

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

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Coterra Energy's revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

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