Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by Toth Financial Advisory Corp

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. abrdn plc raised its stake in Coterra Energy by 2.8% during the fourth quarter. abrdn plc now owns 188,148 shares of the company's stock worth $4,806,000 after acquiring an additional 5,188 shares during the period. Choreo LLC lifted its position in shares of Coterra Energy by 23.7% in the 4th quarter. Choreo LLC now owns 27,832 shares of the company's stock valued at $710,000 after acquiring an additional 5,336 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Coterra Energy by 7.0% in the 4th quarter. Bleakley Financial Group LLC now owns 17,423 shares of the company's stock worth $445,000 after buying an additional 1,142 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Coterra Energy by 6.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,753,907 shares of the company's stock worth $44,795,000 after buying an additional 103,048 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Coterra Energy by 87.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 139,488 shares of the company's stock valued at $3,563,000 after purchasing an additional 65,107 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Performance

Shares of NYSE:CTRA traded up $0.56 during mid-day trading on Friday, reaching $26.70. 10,272,971 shares of the company traded hands, compared to its average volume of 6,467,080. The company's 50 day moving average price is $24.99 and its 200-day moving average price is $26.35. The firm has a market cap of $20.38 billion, a PE ratio of 16.08, a PEG ratio of 0.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. 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 posted 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. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the company earned $0.51 EPS. The company's quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio is presently 51.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. Barclays dropped their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Raymond James dropped their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. UBS Group dropped their price target on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Pickering Energy Partners cut shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Insider Activity at Coterra Energy

In other news, 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by company 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.