Heck Capital Advisors LLC Acquires Shares of 10,420 Coterra Energy Inc. (NYSE:CTRA)

Heck Capital Advisors LLC purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,420 shares of the company's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Coterra Energy during the 4th quarter worth about $32,000. Plato Investment Management Ltd bought a new stake in shares of Coterra Energy during the 4th quarter worth approximately $43,000. Deseret Mutual Benefit Administrators grew its position in Coterra Energy by 33.2% in 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 last quarter. VSM Wealth Advisory LLC purchased a new stake in Coterra Energy in the fourth quarter worth $46,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Coterra Energy during the fourth quarter worth $48,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTRA shares. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and lifted their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Raymond James reduced their price objective on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group increased their target price on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Finally, Bank of America reduced their price target on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the company's 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 owns 106,114 shares in the company, valued at $3,086,856.26. This represents a 19.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction on Monday, March 10th. The stock was 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 $3,374,617.40. This represents a 21.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Coterra Energy Stock Performance

Coterra Energy stock traded down $0.29 during trading hours on Wednesday, hitting $24.57. 7,406,366 shares of the stock traded hands, compared to its average volume of 6,434,401. The firm's 50 day moving average price is $25.56 and its 200-day moving average price is $26.42. 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 stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 14.80, 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 announced its earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, equities analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued 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 dividend yield of 3.58%. Coterra Energy's dividend payout ratio is currently 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.