Coterra Energy Inc. (NYSE:CTRA) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,056 shares of the company's stock after selling 51,737 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Coterra Energy were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new stake in Coterra Energy in the 4th quarter worth $942,000. State of Tennessee Department of Treasury grew its stake in Coterra Energy by 7.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company's stock worth $12,075,000 after acquiring an additional 31,425 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Coterra Energy in the 4th quarter worth approximately $641,000. Czech National Bank lifted its position in Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company's stock valued at $4,079,000 after acquiring an additional 9,115 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its holdings in shares of Coterra Energy by 107.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock worth $6,052,000 after buying an additional 122,487 shares during the last quarter. Institutional investors own 87.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CTRA shares. Susquehanna reduced their target price on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. UBS Group lowered their price target on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Raymond James reduced their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Finally, Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Insider Buying and Selling at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction dated 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 $3,374,617.40. This trade represents a 21.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The shares were 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 owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Coterra Energy Stock Up 0.5%

Shares of CTRA stock traded up $0.12 on Wednesday, hitting $24.88. The stock had a trading volume of 7,315,945 shares, compared to its average volume of 6,374,984. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.59 and a beta of 0.33. The stock's 50 day moving average is $26.22 and its 200-day moving average is $26.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. 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 posted its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm's revenue was up 32.9% compared to the same quarter last year. As a group, research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.54%. Coterra Energy's dividend payout ratio (DPR) 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.