Alyeska Investment Group L.P. Has $33.14 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Alyeska Investment Group L.P. cut its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 34.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,297,376 shares of the company's stock after selling 692,595 shares during the quarter. Alyeska Investment Group L.P. owned 0.18% of Coterra Energy worth $33,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CTRA. Private Trust Co. NA increased its stake in Coterra Energy by 20.0% in the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock valued at $55,000 after purchasing an additional 356 shares in the last quarter. CENTRAL TRUST Co lifted 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 valued at $559,000 after purchasing an additional 389 shares during the last quarter. Arkadios Wealth Advisors raised its stake 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 valued at $288,000 after purchasing an additional 413 shares during the period. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 420 shares during the period. Finally, New York Life Investment Management LLC grew its holdings in shares of Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock worth $2,543,000 after purchasing an additional 421 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a report on Tuesday, April 15th. Wells Fargo & Company upped their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. The Goldman Sachs Group lifted their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target 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. Finally, Truist Financial raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Three research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.85.

Coterra Energy Price Performance

Shares of NYSE CTRA traded down $0.30 during mid-day trading on Wednesday, reaching $22.63. The company had a trading volume of 11,370,010 shares, compared to its average volume of 6,301,851. The stock has a market cap of $17.29 billion, a PE ratio of 13.63, a P/E/G ratio of 0.59 and a beta of 0.33. 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 company has a 50-day moving average price of $26.51 and a two-hundred day moving average price of $26.38.

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 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 analyst estimates of $1.92 billion. During the same period in the previous year, the company earned $0.51 EPS. The company's revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's dividend payout ratio is currently 58.28%.

Insider Activity at Coterra Energy

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

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.