GTS Securities LLC Increases Holdings in Coterra Energy Inc. (NYSE:CTRA)

GTS Securities LLC increased its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 129.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,588 shares of the company's stock after acquiring an additional 27,994 shares during the quarter. GTS Securities LLC's holdings in Coterra Energy were worth $1,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRA. R Squared Ltd acquired a new position in Coterra Energy in the 4th quarter valued at $32,000. Plato Investment Management Ltd acquired a new position in shares of Coterra Energy during the fourth quarter worth about $43,000. Deseret Mutual Benefit Administrators raised its holdings in Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock worth $44,000 after purchasing an additional 429 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in Coterra Energy during the fourth quarter worth about $46,000. Finally, Nemes Rush Group LLC acquired a new stake in Coterra Energy in the fourth quarter valued at about $48,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CTRA shares. Raymond James cut their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Morgan Stanley set a $28.00 price objective on Coterra Energy in a report on Tuesday, April 15th. UBS Group reduced their target price on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 9th. Jefferies Financial Group upped their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Finally, Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $33.50.

Insider Buying and Selling

In other news, SVP Michael D. Deshazer sold 35,377 shares of the firm's stock in a transaction 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 in the company, valued at $3,374,617.40. This trade represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value 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 represents a 19.52% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Price Performance

NYSE:CTRA traded up $0.17 during trading hours on Thursday, reaching $24.73. 7,047,584 shares of the company traded hands, compared to its average volume of 6,436,854. 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's 50-day moving average is $25.56 and its 200-day moving average is $26.42. The stock has a market cap of $18.87 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year 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. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Equities research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given 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 3.56%. Coterra Energy's dividend payout ratio (DPR) is currently 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.