GTS Securities LLC Has $1.27 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

GTS Securities LLC lifted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 129.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,588 shares of the company's stock after purchasing an additional 27,994 shares during the period. GTS Securities LLC's holdings in Coterra Energy were worth $1,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CTRA. CSS LLC IL lifted its stake in Coterra Energy by 29.4% in the fourth quarter. CSS LLC IL now owns 40,013 shares of the company's stock worth $1,022,000 after acquiring an additional 9,095 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coterra Energy by 2.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,886,589 shares of the company's stock worth $73,723,000 after buying an additional 79,349 shares during the last quarter. USS Investment Management Ltd lifted its position in shares of Coterra Energy by 110.7% during the 4th quarter. USS Investment Management Ltd now owns 244,318 shares of the company's stock worth $6,241,000 after buying an additional 128,344 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of Coterra Energy by 18.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 965,618 shares of the company's stock worth $24,662,000 after buying an additional 148,863 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of Coterra Energy by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 143,626 shares of the company's stock worth $3,668,000 after buying an additional 4,589 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Insider Buying and Selling

In related news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. The trade was a 19.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Coterra Energy Price Performance

Shares of NYSE:CTRA traded down $0.40 on Friday, reaching $24.33. 2,107,008 shares of the company were exchanged, compared to its average volume of 6,412,936. 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 1-year low of $22.30 and a 1-year high of $29.95. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The company has a 50-day moving average of $25.47 and a 200-day moving average of $26.42.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.71 by $0.09. The business had revenue of $924.00 million for 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%. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is currently 51.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. Scotiabank reduced their price objective 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 boosted their price objective 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. Finally, Raymond James reduced their price objective 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. Four investment 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.com, the company has an average rating of "Moderate Buy" and an average target price of $33.50.

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.