Systematic Financial Management LP Acquires 18,935 Shares of Coterra Energy Inc. (NYSE:CTRA)

Systematic Financial Management LP increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,185 shares of the company's stock after buying an additional 18,935 shares during the period. Systematic Financial Management LP's holdings in Coterra Energy were worth $3,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRA. Private Trust Co. NA lifted its stake in shares of Coterra Energy by 20.0% during the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock worth $55,000 after purchasing an additional 356 shares during the period. CENTRAL TRUST Co grew its holdings in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock valued at $559,000 after buying an additional 389 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Coterra Energy by 3.8% during the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. boosted its position in shares of Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock worth $182,000 after acquiring an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Coterra Energy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock valued at $2,543,000 after purchasing an additional 421 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This trade represents a 21.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

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

Coterra Energy Stock Performance

CTRA traded down $0.06 on Friday, hitting $24.36. 1,362,519 shares of the stock traded hands, compared to its average volume of 6,405,772. The business has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $26.41. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $18.59 billion, a PE ratio of 14.67, a P/E/G ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

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

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 15th. 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.