GF Fund Management CO. LTD. Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

GF Fund Management CO. LTD. acquired a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 224,491 shares of the company's stock, valued at approximately $5,734,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Coterra Energy during the 4th quarter valued at approximately $32,000. Plato Investment Management Ltd bought a new position in shares of Coterra Energy during the 4th quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators grew its position in shares of Coterra Energy by 33.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock valued at $44,000 after acquiring an additional 429 shares during the period. VSM Wealth Advisory LLC bought a new position in Coterra Energy in the 4th quarter worth approximately $46,000. Finally, Nemes Rush Group LLC bought a new position in Coterra Energy in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Up 0.7%

NYSE:CTRA traded up $0.17 during mid-day trading on Thursday, hitting $24.73. 7,047,584 shares of the company's stock were exchanged, compared to its average volume of 6,436,854. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. 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 business has a fifty day moving average price of $25.56 and a 200 day moving average price of $26.42. The company has a market cap of $18.87 billion, a PE ratio of 14.90, a P/E/G ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued 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. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. Equities analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.56%. Coterra Energy's dividend payout ratio is currently 51.16%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction 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 disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, March 12th. Barclays cut their price objective on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Williams Trading set a $37.00 price target on shares of Coterra Energy in a report on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coterra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

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.