Deutsche Bank AG Purchases 732,928 Shares of Coterra Energy Inc. (NYSE:CTRA)

Deutsche Bank AG lifted its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,075,429 shares of the company's stock after acquiring an additional 732,928 shares during the period. Deutsche Bank AG owned 0.82% of Coterra Energy worth $155,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in shares of Coterra Energy by 5,744.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company's stock valued at $93,520,000 after acquiring an additional 3,599,042 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Coterra Energy by 117.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,817,375 shares of the company's stock worth $123,036,000 after acquiring an additional 2,600,801 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Coterra Energy in the fourth quarter valued at approximately $61,461,000. Schroder Investment Management Group raised its holdings in Coterra Energy by 18.2% in the 4th quarter. Schroder Investment Management Group now owns 11,776,525 shares of the company's stock worth $300,537,000 after acquiring an additional 1,809,615 shares during the period. Finally, Truist Financial Corp boosted its stake in Coterra Energy by 668.0% during the 4th quarter. Truist Financial Corp now owns 1,616,660 shares of the company's stock valued at $41,289,000 after purchasing an additional 1,406,170 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their target price on shares of Coterra Energy from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday. UBS Group cut their price target on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 9th. Mizuho dropped their target price on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company upped their price objective on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and upped their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Three equities 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 stock. According to data from MarketBeat, Coterra Energy currently has an average rating of "Moderate Buy" and an average price target of $33.50.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the 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 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 trade represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm's 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 sale, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. The trade was a 21.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Coterra Energy Stock Performance

Coterra Energy stock traded down $0.18 during trading hours on Thursday, hitting $24.59. The company had a trading volume of 2,650,486 shares, compared to its average volume of 6,361,107. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a market cap of $18.76 billion, a PE ratio of 14.77, a PEG ratio of 0.59 and a beta of 0.33. The firm has a 50-day moving average of $26.22 and a 200 day moving average of $26.37. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.92 billion. During the same period in the prior year, the company posted $0.51 EPS. The company's revenue was up 32.9% compared to the same quarter last year. On average, sell-side analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is 51.16%.

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.