Coterra Energy Inc. (NYSE:CTRA) Stock Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 26.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 608,448 shares of the company's stock after selling 215,064 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Coterra Energy worth $15,528,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRA. Schroder Investment Management Group boosted its stake in Coterra Energy by 21.7% during the 3rd quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company's stock worth $194,422,000 after purchasing an additional 1,281,094 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Coterra Energy by 60.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,936,277 shares of the company's stock valued at $52,376,000 after acquiring an additional 729,306 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Coterra Energy by 47.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,247,785 shares of the company's stock valued at $60,803,000 after acquiring an additional 720,464 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Coterra Energy by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company's stock valued at $431,329,000 after acquiring an additional 544,768 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Coterra Energy by 59.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,454,603 shares of the company's stock valued at $39,347,000 after acquiring an additional 541,518 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Stock Up 0.4 %

NYSE:CTRA traded up $0.10 during mid-day trading on Monday, hitting $28.39. The stock had a trading volume of 4,092,353 shares, compared to its average volume of 6,749,376. The stock has a 50-day simple moving average of $27.10 and a two-hundred day simple moving average of $26.42. The company has a market capitalization of $21.35 billion, a PE ratio of 13.27 and a beta of 0.21. Coterra Energy Inc. has a twelve month low of $22.91 and a twelve month high of $29.89. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. On average, equities research analysts anticipate that Coterra Energy Inc. will post 1.82 EPS for the current year.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.21 dividend. This is a boost from Coterra Energy's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.84 annualized dividend and a yield of 2.96%. Coterra Energy's dividend payout ratio (DPR) is 39.25%.

Wall Street Analyst Weigh In

CTRA has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 17th. Truist Financial decreased their target price on shares of Coterra Energy from $30.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Mizuho reaffirmed a "buy" rating and issued a $34.00 target price on shares of Coterra Energy in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their target price on shares of Coterra Energy from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus decreased their target price on shares of Coterra Energy from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and an average target price of $32.47.

Insider Activity at Coterra Energy

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

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.