Mufg Securities Americas Inc. Acquires Shares of 10,875 Coterra Energy Inc. (NYSE:CTRA)

Mufg Securities Americas Inc. purchased a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,875 shares of the company's stock, valued at approximately $278,000.

Several other large investors have also recently made changes to their positions in CTRA. Man Group plc lifted its holdings in Coterra Energy by 81.4% during the 4th quarter. Man Group plc now owns 4,842,621 shares of the company's stock worth $123,681,000 after buying an additional 2,172,931 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Coterra Energy by 20.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 31,591 shares of the company's stock worth $807,000 after purchasing an additional 5,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Coterra Energy by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 595,273 shares of the company's stock worth $15,203,000 after purchasing an additional 21,365 shares in the last quarter. LRI Investments LLC increased its holdings in Coterra Energy by 19.1% in the fourth quarter. LRI Investments LLC now owns 9,947 shares of the company's stock valued at $254,000 after buying an additional 1,598 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in Coterra Energy in the fourth quarter valued at $766,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the transaction, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CTRA. Wells Fargo & Company increased their price objective on Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Mizuho dropped their price target on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Susquehanna reduced their price objective on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Barclays cut their price target on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Pickering Energy Partners downgraded shares of Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday. Four 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 company's stock. According to MarketBeat, 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 down $0.04 during trading on Thursday, hitting $24.45. The stock had a trading volume of 1,646,459 shares, compared to its average volume of 6,410,916. The company's 50 day moving average price is $25.98 and its two-hundred day moving average price is $26.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 14.73, 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.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results 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. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $924.00 million for the quarter, compared to analysts' expectations of $1.92 billion. During the same period last year, the company earned $0.51 earnings per share. The company's quarterly revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts forecast 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 will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.60%. 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.