Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,886,589 shares of the company's stock after acquiring an additional 79,349 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.39% of Coterra Energy worth $73,723,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of Coterra Energy during the 4th quarter worth $32,000. Plato Investment Management Ltd purchased a new stake in shares of Coterra Energy in the 4th quarter worth approximately $43,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock valued at $44,000 after purchasing an additional 429 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in Coterra Energy in the fourth quarter worth approximately $46,000. Finally, Nemes Rush Group LLC purchased a new stake in Coterra Energy during the fourth quarter worth $48,000. Institutional investors own 87.92% of the company's stock.

Insider Buying and Selling

In related news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction 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 trade represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. The trade was a 21.82% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTRA. Wells Fargo & Company lifted their price objective 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. Barclays decreased their price objective on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Piper Sandler cut their target price on Coterra Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Scotiabank decreased their target price on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Williams Trading set a $37.00 target price on Coterra Energy in a research report on Wednesday, March 5th. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.50.

Coterra Energy Stock Down 1.9%

Shares of NYSE:CTRA traded down $0.47 during trading on Friday, hitting $24.26. 1,519,508 shares of the company were exchanged, compared to its average volume of 6,410,534. The firm's 50 day moving average price is $25.47 and its 200-day moving average price is $26.42. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock has a market capitalization of $18.52 billion, a P/E ratio of 14.65, a PEG ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. The company had revenue of $924.00 million for 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%. The business's quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. On average, research analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.63%. Coterra Energy's payout ratio 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.