Quantinno Capital Management LP Grows Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Quantinno Capital Management LP raised its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,538 shares of the company's stock after acquiring an additional 40,442 shares during the period. Quantinno Capital Management LP's holdings in Coterra Energy were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MCF Advisors LLC boosted its position in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after buying an additional 869 shares during the period. R Squared Ltd bought a new stake in Coterra Energy during the 4th quarter worth about $32,000. Plato Investment Management Ltd bought a new position in Coterra Energy in the fourth quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators raised its stake in shares of 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 purchasing an additional 429 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $46,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were 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 in the company, valued at approximately $3,086,856.26. The trade was a 19.52% 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 insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America decreased their price objective on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Pickering Energy Partners cut Coterra Energy from an "outperform" rating to a "neutral" rating in a research report on Tuesday, May 20th. Wells Fargo & Company raised their price target on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their target price for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Finally, Barclays lowered their price target on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.

Coterra Energy Stock Up 0.4%

CTRA stock traded up $0.10 during trading on Friday, reaching $24.51. 4,432,615 shares of the stock were exchanged, compared to its average volume of 6,426,205. The firm's 50 day moving average is $25.82 and its 200 day moving average is $26.45. The firm has a market cap of $18.71 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. 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 twelve month low of $22.30 and a twelve month high of $29.95.

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

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid 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 3.59%. Coterra Energy's payout ratio is 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.