Toth Financial Advisory Corp Grows Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Toth Financial Advisory Corp grew its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 30,350.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,450 shares of the company's stock after buying an additional 30,350 shares during the quarter. Toth Financial Advisory Corp's holdings in Coterra Energy were worth $880,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its position 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 valued at $1,852,385,000 after purchasing an additional 1,318,754 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 valued at $599,356,000 after buying an additional 1,310,965 shares during the period. Geode Capital Management LLC raised its holdings in shares of Coterra Energy by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock valued at $486,528,000 after acquiring an additional 96,059 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Coterra Energy by 5.0% in the fourth quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company's stock worth $454,834,000 after acquiring an additional 845,609 shares during the period. Finally, Invesco Ltd. boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The stock was 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 of the company's stock, valued at $3,086,856.26. The trade was a 19.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CTRA has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased 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 price objective on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company upped their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Mizuho lowered their price target on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Coterra Energy Stock Down 0.3%

Shares of CTRA stock traded down $0.08 during mid-day trading on Tuesday, hitting $25.87. The company's stock had a trading volume of 6,398,730 shares, compared to its average volume of 6,426,204. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The business has a 50-day moving average price of $24.94 and a 200 day moving average price of $26.37.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.80 earnings per share 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 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 quarter in the previous year, the firm earned $0.51 EPS. Research analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. Coterra Energy's dividend payout ratio (DPR) 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.