Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Focus Partners Wealth

Focus Partners Wealth increased its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 613,006 shares of the company's stock after purchasing an additional 128,555 shares during the quarter. Focus Partners Wealth owned 0.08% of Coterra Energy worth $15,664,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. FORA Capital LLC raised its holdings in Coterra Energy by 8.5% in the 4th quarter. FORA Capital LLC now owns 19,590 shares of the company's stock worth $500,000 after purchasing an additional 1,537 shares during the period. Clark Capital Management Group Inc. raised its holdings in shares of Coterra Energy by 47.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,615,794 shares of the company's stock valued at $41,267,000 after acquiring an additional 519,670 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Coterra Energy by 13.7% during the fourth quarter. Deutsche Bank AG now owns 6,075,429 shares of the company's stock valued at $155,166,000 after acquiring an additional 732,928 shares during the last quarter. Dean Capital Management acquired a new position in shares of Coterra Energy during the fourth quarter valued at approximately $1,289,000. Finally, Delaware Ladera Management Company Inc. acquired a new position in shares of Coterra Energy during the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Trading Up 0.4%

Coterra Energy stock traded up $0.11 during mid-day trading on Friday, hitting $24.80. The company's stock had a trading volume of 6,938,939 shares, compared to its average volume of 6,388,496. The firm has a market capitalization of $18.93 billion, a PE ratio of 14.94, a price-to-earnings-growth 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. The stock's fifty day moving average is $26.13 and its two-hundred day moving average is $26.41.

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 the consensus estimate of $0.71 by $0.09. The company 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%. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.55%. Coterra Energy's payout ratio is 51.16%.

Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the company's 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 transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. This trade represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTRA shares. JPMorgan Chase & Co. reduced their target price on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. UBS Group reduced their target price on Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 9th. Williams Trading set a $37.00 target price on Coterra Energy in a report on Wednesday, March 5th. Mizuho reduced their target price on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Piper Sandler reduced their target price on Coterra Energy from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.50.

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.