Systematic Financial Management LP Has $3.43 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

Systematic Financial Management LP lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTRA. AdvisorNet Financial Inc increased its holdings in shares of Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after purchasing an additional 744 shares during the period. MCF Advisors LLC grew its position in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after buying an additional 869 shares in the last quarter. R Squared Ltd acquired a new position in Coterra Energy during the 4th quarter valued at about $32,000. Plato Investment Management Ltd bought a new stake in shares of Coterra Energy during the 4th quarter worth about $43,000. Finally, Deseret Mutual Benefit Administrators raised its position 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 buying an additional 429 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CTRA. Pickering Energy Partners lowered shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday. Piper Sandler dropped their price objective on Coterra Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Scotiabank lowered their target price on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Mizuho dropped 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 investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coterra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Insider Activity at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $748,572.97. Following the completion of the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Coterra Energy Stock Down 1.5%

Shares of NYSE CTRA traded down $0.39 during mid-day trading on Wednesday, reaching $24.50. The company had a trading volume of 7,166,170 shares, compared to its average volume of 6,429,604. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.59 and a beta of 0.33. The stock has a fifty day moving average of $25.98 and a two-hundred day moving average of $26.40. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released 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. The company 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 company's revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, equities research analysts expect 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 will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. Coterra Energy's dividend payout ratio is 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.