Rep. Jefferson Shreve Sells Coterra Energy Inc. (NYSE:CTRA) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Coterra Energy Inc. NYSE: CTRA. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Coterra Energy stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Coterra Energy Price Performance

Shares of CTRA stock traded down $0.15 during mid-day trading on Friday, hitting $23.62. The company had a trading volume of 3,329,312 shares, compared to its average volume of 6,157,613. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The stock's 50 day moving average price is $25.18 and its 200-day moving average price is $26.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.86. The company has a market capitalization of $18.02 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.32 and a beta of 0.35.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its 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 21.67% and a return on equity of 10.61%. The firm had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company's quarterly revenue was up 32.9% compared to the same quarter last year. Equities research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is presently 51.16%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in Coterra Energy by 227.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 114,328 shares of the company's stock worth $2,989,000 after acquiring an additional 79,463 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Coterra Energy by 486.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 57,721 shares of the company's stock worth $1,474,000 after acquiring an additional 47,875 shares during the period. Global Retirement Partners LLC lifted its stake in Coterra Energy by 44.7% in the fourth quarter. Global Retirement Partners LLC now owns 11,406 shares of the company's stock worth $291,000 after acquiring an additional 3,525 shares during the period. Private Advisor Group LLC lifted its stake in Coterra Energy by 10.3% in the fourth quarter. Private Advisor Group LLC now owns 148,671 shares of the company's stock worth $3,797,000 after acquiring an additional 13,875 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in Coterra Energy in the fourth quarter worth about $445,000. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of several research reports. Raymond James Financial set a $38.00 price target on shares of Coterra Energy and gave the stock an "outperform" rating in a research report on Friday, June 13th. Susquehanna reduced their price target on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on shares of Coterra Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. 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 research report on Tuesday, May 13th. Finally, Morgan Stanley set a $28.00 price target on shares of Coterra Energy in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.16.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.