Dean Capital Management Purchases Shares of 50,462 Coterra Energy Inc. (NYSE:CTRA)

Dean Capital Management purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 50,462 shares of the company's stock, valued at approximately $1,289,000.

Other institutional investors have also recently bought and sold shares of the company. Delaware Ladera Management Company Inc. purchased a new position in Coterra Energy during the 4th quarter valued at about $90,000. Corigliano Investment Advisers LLC purchased a new position in Coterra Energy during the 4th quarter valued at about $19,829,000. Cary Street Partners Financial LLC purchased a new position in Coterra Energy during the 4th quarter valued at about $115,000. Bayesian Capital Management LP purchased a new position in Coterra Energy during the 4th quarter valued at about $3,790,000. Finally, Black Maple Capital Management LP grew its stake in Coterra Energy by 307.7% during the 4th quarter. Black Maple Capital Management LP now owns 53,000 shares of the company's stock valued at $1,354,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

Insider Activity

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now directly 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's 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 in the company, 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 company insiders.

Analysts Set New Price Targets

CTRA has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Raymond James reduced their price target on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Piper Sandler lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Susquehanna reduced their price target on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Three investment 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 stock. According to MarketBeat.com, Coterra Energy has an average rating of "Moderate Buy" and an average price target of $33.75.

Coterra Energy Stock Performance

NYSE CTRA traded up $0.76 during trading on Monday, hitting $24.15. The company's stock had a trading volume of 5,418,603 shares, compared to its average volume of 6,330,989. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $26.30 and a 200 day moving average price of $26.39. The firm has a market cap of $18.45 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The business had revenue of $924.00 million for the quarter, compared to analysts' expectations of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Coterra Energy's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, May 15th. Coterra Energy's dividend payout ratio is presently 51.16%.

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.