PKO Investment Management Joint Stock Co Invests $613,000 in Coterra Energy Inc. (NYSE:CTRA)

PKO Investment Management Joint Stock Co acquired a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,000 shares of the company's stock, valued at approximately $613,000.

Several other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Coterra Energy during the 4th quarter valued at about $32,000. Plato Investment Management Ltd bought a new stake in Coterra Energy during the 4th quarter valued at about $43,000. Deseret Mutual Benefit Administrators increased its stake in 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 purchasing an additional 429 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Coterra Energy during the 4th quarter valued at about $46,000. Finally, Nemes Rush Group LLC bought a new stake in Coterra Energy during the 4th quarter valued at about $48,000. 87.92% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Kevin William Smith sold 25,733 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the business'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 value of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. 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 CTRA traded up $0.75 during mid-day trading on Monday, reaching $25.06. The company had a trading volume of 6,721,777 shares, compared to its average volume of 6,421,609. The company has a market capitalization of $19.12 billion, a P/E ratio of 15.09, a P/E/G 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's 50-day moving average is $25.29 and its 200-day moving average 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.

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 analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company earned $0.51 EPS. The business's quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.22 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. Coterra Energy's dividend payout ratio (DPR) is presently 51.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTRA. UBS Group dropped their price objective on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Raymond James lowered their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Piper Sandler reduced their price objective on shares of Coterra Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $28.00 price target on shares of Coterra Energy in a research report on Tuesday, April 15th. Finally, Mizuho reduced 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 report on Tuesday, May 13th. Four equities research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

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.