Coterra Energy Inc. (NYSE:CTRA) Stock Holdings Lessened by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 384,894 shares of the company's stock after selling 45,157 shares during the period. Ensign Peak Advisors Inc owned 0.05% of Coterra Energy worth $9,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTRA. FORA Capital LLC grew its holdings in shares of Coterra Energy by 8.5% during the fourth quarter. FORA Capital LLC now owns 19,590 shares of the company's stock valued at $500,000 after purchasing an additional 1,537 shares during the last quarter. Clark Capital Management Group Inc. boosted its position in Coterra Energy by 47.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,615,794 shares of the company's stock valued at $41,267,000 after purchasing an additional 519,670 shares during the period. Deutsche Bank AG increased its position in Coterra Energy by 13.7% in the fourth quarter. Deutsche Bank AG now owns 6,075,429 shares of the company's stock worth $155,166,000 after buying an additional 732,928 shares during the period. Dean Capital Management bought a new stake in Coterra Energy in the fourth quarter valued at $1,289,000. Finally, Delaware Ladera Management Company Inc. acquired a new position in shares of Coterra Energy during the fourth quarter valued at $90,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value 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 approximately $3,086,856.26. This represents a 19.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. This trade represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley set a $28.00 price objective on Coterra Energy in a research report on Tuesday, April 15th. Raymond James lowered their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Finally, UBS Group reduced their price target on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.75.

Coterra Energy Stock Performance

NYSE:CTRA opened at $24.13 on Tuesday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The company has a 50-day moving average of $26.26 and a 200-day moving average of $26.39. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

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

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders 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 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's payout ratio 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.

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