Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,016 shares of the company's stock after purchasing an additional 21,091 shares during the period. Toronto Dominion Bank owned about 0.05% of Coterra Energy worth $9,859,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Coterra Energy by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 72,528,767 shares of the company's stock worth $1,852,385,000 after buying an additional 1,318,754 shares during the period. Charles Schwab Investment Management Inc. increased its position in Coterra Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock worth $599,356,000 after buying an additional 1,310,965 shares during the period. Geode Capital Management LLC lifted its stake in Coterra Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock valued at $486,528,000 after buying an additional 96,059 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Coterra Energy by 5.0% in the fourth quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company's stock valued at $454,834,000 after acquiring an additional 845,609 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Coterra Energy by 9.0% in the fourth quarter. Invesco Ltd. now owns 12,232,484 shares of the company's stock valued at $312,418,000 after acquiring an additional 1,011,166 shares during the period. Institutional investors and hedge funds own 87.92% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays lowered their target price on Coterra Energy from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research note on Wednesday, March 5th. Bank of America reduced their price objective on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Scotiabank lowered their price objective 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, Morgan Stanley set a $28.00 target price on Coterra Energy in a research note on Tuesday, April 15th. Four equities research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.

Coterra Energy Stock Up 0.4%

NYSE:CTRA traded up $0.10 during mid-day trading on Monday, hitting $24.51. The company had a trading volume of 4,432,615 shares, compared to its average volume of 6,426,205. The business has a fifty day simple moving average of $25.82 and a 200-day simple moving average of $26.45. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. 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 (NYSE:CTRA - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The business had revenue of $924.00 million for the quarter, compared to the consensus estimate of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company's revenue was up 32.9% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Equities analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is 51.16%.

Insider Buying and Selling

In related news, SVP Michael D. Deshazer sold 35,377 shares of the 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 completion of the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy 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 sale, the senior vice president now owns 106,114 shares in the company, 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. 1.70% of the stock is currently owned by insiders.

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.