Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 593,731 Coterra Energy Inc. (NYSE:CTRA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 593,731 shares of the company's stock, valued at approximately $15,164,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Coterra Energy as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CTRA. R Squared Ltd bought a new position in shares of Coterra Energy during the fourth quarter worth approximately $32,000. Plato Investment Management Ltd bought a new position in shares of Coterra Energy during the fourth quarter worth approximately $43,000. Deseret Mutual Benefit Administrators increased 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 worth $44,000 after purchasing an additional 429 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Coterra Energy during the fourth quarter worth approximately $46,000. Finally, Nemes Rush Group LLC bought a new position in shares of Coterra Energy during the fourth quarter worth approximately $48,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the company's 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 sale, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82% decrease in their position. 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 company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the sale, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CTRA. Williams Trading set a $37.00 target price on Coterra Energy in a research note on Wednesday, March 5th. 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 research note on Friday, April 11th. UBS Group dropped their price objective on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 9th. Raymond James dropped their price objective on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Finally, Johnson Rice raised Coterra Energy from a "hold" rating to an "accumulate" rating and lifted their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Coterra Energy Price Performance

CTRA stock traded up $0.32 during midday trading on Tuesday, reaching $25.40. 1,246,127 shares of the stock were exchanged, compared to its average volume of 6,402,391. The stock has a market capitalization of $19.39 billion, a PE ratio of 15.30, a P/E/G ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week 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 company has a fifty day moving average price of $25.29 and a 200 day moving average price of $26.42.

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 for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The business 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%. Coterra Energy's quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company 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 3.46%. Coterra Energy's dividend payout ratio is currently 51.16%.

Coterra Energy 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.