Coterra Energy Inc. (NYSE:CTRA) Position Decreased by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,835 shares of the company's stock after selling 32,738 shares during the quarter. Gotham Asset Management LLC's holdings in Coterra Energy were worth $6,994,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. City State Bank acquired a new stake in Coterra Energy during the 4th quarter worth about $26,000. AdvisorNet Financial Inc increased its holdings 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 purchasing an additional 744 shares during the last quarter. MCF Advisors LLC boosted its position in shares of 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 during the period. R Squared Ltd acquired a new stake in shares of Coterra Energy in the fourth quarter valued at $32,000. Finally, Plato Investment Management Ltd purchased a new position in Coterra Energy during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Price Performance

Shares of NYSE CTRA traded down $0.46 on Monday, hitting $24.34. The company's stock had a trading volume of 982,850 shares, compared to its average volume of 6,367,593. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The stock has a 50 day moving average of $26.13 and a 200-day moving average of $26.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

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

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.22 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.61%. Coterra Energy's payout ratio is currently 51.16%.

Analyst Ratings Changes

CTRA has been the topic of several recent research reports. Barclays cut their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price target on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Mizuho lowered their price objective on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Jefferies Financial Group raised their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley set a $28.00 price target on Coterra Energy in a report on Tuesday, April 15th. Three 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction that occurred 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 sale, 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 1.70% 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.