10,420 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,420 shares of the company's stock, valued at approximately $266,000.

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

Coterra Energy Stock Performance

Shares of Coterra Energy stock traded down $0.40 on Friday, hitting $24.33. The stock had a trading volume of 12,205,487 shares, compared to its average volume of 6,451,404. The business's 50 day moving average is $25.37 and its two-hundred day moving average is $26.41. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company's revenue was up 32.9% on a year-over-year basis. Analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.62%. Coterra Energy's dividend payout ratio is currently 51.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Williams Trading set a $37.00 price objective on Coterra Energy in a research report on Wednesday, March 5th. Susquehanna reduced their price objective on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Mizuho decreased their price target on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America cut their price target on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Four equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Insider Activity

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $941,735.74. Following the completion of the sale, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. The trade was 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 insiders.

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.