13,937 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,937 shares of the company's stock, valued at approximately $356,000.

A number of other hedge funds have also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Coterra Energy in the 4th quarter valued at about $942,000. State of Tennessee Department of Treasury boosted its position in shares of Coterra Energy by 7.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 472,799 shares of the company's stock worth $12,075,000 after acquiring an additional 31,425 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Coterra Energy in the fourth quarter valued at approximately $641,000. Bourgeon Capital Management LLC increased its position in Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock worth $6,052,000 after purchasing an additional 122,487 shares during the last quarter. Finally, M.E. Allison & CO. Inc. acquired a new position in Coterra Energy during the fourth quarter worth approximately $217,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Insiders Place Their Bets

In other news, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the sale, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. This trade 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CTRA. Scotiabank decreased their price target on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price target on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Bank of America dropped their price target on Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company lifted their price objective on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Williams Trading set a $37.00 target price on shares of Coterra Energy in a research report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Coterra Energy Stock Up 0.0%

Coterra Energy stock traded up $0.01 during midday trading on Friday, hitting $24.42. 1,114,376 shares of the stock were exchanged, compared to its average volume of 6,404,888. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. 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 has a market cap of $18.64 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.59 and a beta of 0.33. The company has a 50 day moving average price of $25.91 and a two-hundred day moving average price of $26.41.

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, topping 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 business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. On average, sell-side analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders 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 yield of 3.60%. Coterra Energy's dividend payout ratio (DPR) is presently 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.