Thoma Capital Management LLC Buys New Position in Coterra Energy Inc. (NYSE:CTRA)

Thoma Capital Management LLC 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 Securities and Exchange Commission. The firm purchased 32,410 shares of the company's stock, valued at approximately $828,000. Coterra Energy comprises about 0.6% of Thoma Capital Management LLC's portfolio, making the stock its 24th largest position.

Other large investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new stake in Coterra Energy in the 4th quarter worth $942,000. State of Tennessee Department of Treasury lifted its position in shares of 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 purchasing an additional 31,425 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Coterra Energy in the 4th quarter worth about $641,000. Barclays PLC lifted its position in shares of Coterra Energy by 3.1% in the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company's stock worth $51,425,000 after purchasing an additional 64,753 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Coterra Energy by 56.7% in the 4th quarter. Intech Investment Management LLC now owns 67,858 shares of the company's stock worth $1,733,000 after purchasing an additional 24,560 shares during the period. Institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Down 1.6%

NYSE:CTRA traded down $0.40 on Friday, reaching $24.33. 12,205,487 shares of the stock traded hands, compared to its average volume of 6,452,119. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.59 and a beta of 0.33. 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 Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The company's fifty day simple moving average is $25.37 and its 200 day simple moving average is $26.41.

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 for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The business had revenue of $924.00 million during the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Coterra Energy's revenue was up 32.9% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. Equities analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.62%. Coterra Energy's dividend payout ratio is presently 51.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company raised their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. The Goldman Sachs Group raised their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Raymond James dropped their target price on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. Finally, Piper Sandler dropped 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 report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Insider Transactions at Coterra Energy

In other news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction that occurred 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 directly owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy 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 owns 106,114 shares of the company's stock, valued at $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. Company insiders own 1.70% of the company's stock.

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.