Sapient Capital LLC Invests $1.13 Million in Coterra Energy Inc. (NYSE:CTRA)

Sapient Capital LLC acquired a new position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 44,266 shares of the company's stock, valued at approximately $1,130,000.

Other hedge funds also recently added to or reduced their stakes in the company. SouthState Corp lifted its holdings in shares of Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company's stock valued at $29,000 after buying an additional 454 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $33,000. Tennessee Valley Asset Management Partners purchased a new position in Coterra Energy in the 4th quarter valued at approximately $33,000. VisionPoint Advisory Group LLC increased its stake in Coterra Energy by 133.3% in 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, Headlands Technologies LLC increased its stake in Coterra Energy by 397.7% in the 4th quarter. Headlands Technologies LLC now owns 1,742 shares of the company's stock valued at $44,000 after purchasing an additional 1,392 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTRA has been the subject of several research analyst reports. Barclays initiated coverage on Coterra Energy in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $36.00 price objective for the company. Stephens reaffirmed an "overweight" rating and issued a $39.00 price objective on shares of Coterra Energy in a research note on Tuesday, January 23rd. Truist Financial dropped their price objective on Coterra Energy from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 5th. Raymond James raised their price target on Coterra Energy from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus dropped their price target on Coterra Energy from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Insider Activity at Coterra Energy

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

Coterra Energy Trading Up 3.8 %

Shares of CTRA stock traded up $1.03 during mid-day trading on Friday, hitting $28.19. 11,386,229 shares of the company's stock were exchanged, compared to its average volume of 5,764,794. Coterra Energy Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $29.89. The stock has a 50-day simple moving average of $27.30 and a two-hundred day simple moving average of $26.36. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 16.29 and a beta of 0.22.

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 analysts' consensus estimates of $0.55 by ($0.06). Coterra Energy had a net margin of 23.34% and a return on equity of 10.80%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities analysts expect that Coterra Energy Inc. will post 1.82 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 15th. Coterra Energy's payout ratio is currently 48.55%.

Coterra Energy Company 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.