Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 67.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,987 shares of the company's stock after selling 52,041 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Coterra Energy were worth $638,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in shares of Coterra Energy during the 4th quarter valued at about $25,000. SouthState Corp grew its stake in Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company's stock valued at $29,000 after purchasing an additional 454 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Coterra Energy during the 4th quarter valued at approximately $33,000. VisionPoint Advisory Group LLC grew its stake in Coterra Energy by 133.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company's stock valued at $35,000 after purchasing an additional 740 shares in the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in Coterra Energy during the 1st quarter valued at approximately $41,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTRA. Mizuho restated a "buy" rating and set a $34.00 price objective on shares of Coterra Energy in a research report on Wednesday, April 3rd. Piper Sandler boosted their price objective on Coterra Energy from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Morgan Stanley boosted their price objective on Coterra Energy from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Coterra Energy from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Finally, UBS Group lifted their target price on Coterra Energy from $31.00 to $32.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.20.

Insiders Place Their Bets

In related news, CAO Todd M. Roemer sold 55,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Todd M. Roemer sold 55,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael D. Deshazer sold 14,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the completion of the transaction, the vice president now owns 93,988 shares in the company, valued at approximately $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Coterra Energy Trading Up 0.1 %

NYSE CTRA traded up $0.02 on Wednesday, reaching $27.22. The company had a trading volume of 5,466,169 shares, compared to its average volume of 6,945,839. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 12.80 and a beta of 0.21. Coterra Energy Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $29.89. The business has a 50 day moving average of $26.47 and a two-hundred day moving average of $26.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.18.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.54 billion. Analysts forecast that Coterra Energy Inc. will post 1.92 EPS for the current year.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Coterra Energy's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.09%. Coterra Energy's payout ratio is currently 39.25%.

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.