Benjamin F. Edwards & Company Inc. Grows Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Benjamin F. Edwards & Company Inc. increased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 1,073.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,634 shares of the company's stock after acquiring an additional 68,272 shares during the period. Benjamin F. Edwards & Company Inc.'s holdings in Coterra Energy were worth $1,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTRA. Commonwealth Equity Services LLC grew its holdings in Coterra Energy by 18.8% in the third quarter. Commonwealth Equity Services LLC now owns 218,119 shares of the company's stock valued at $5,900,000 after purchasing an additional 34,479 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Coterra Energy by 688.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 266,410 shares of the company's stock valued at $7,206,000 after purchasing an additional 232,626 shares during the last quarter. Raymond James & Associates grew its holdings in Coterra Energy by 1.5% in the third quarter. Raymond James & Associates now owns 1,096,984 shares of the company's stock valued at $29,673,000 after purchasing an additional 16,710 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Coterra Energy by 29.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 178,109 shares of the company's stock valued at $4,818,000 after purchasing an additional 40,446 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in Coterra Energy by 34.0% in the third quarter. Brown Advisory Inc. now owns 14,845 shares of the company's stock valued at $402,000 after purchasing an additional 3,769 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Insiders Place Their Bets

In other news, VP Michael D. Deshazer sold 14,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the sale, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael D. Deshazer sold 14,000 shares of the firm's 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 sale, the vice president now owns 93,988 shares of the company's stock, 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 0.5 %

NYSE:CTRA traded up $0.15 on Monday, hitting $28.34. 6,764,166 shares of the stock were exchanged, compared to its average volume of 6,791,106. The stock has a market cap of $21.31 billion, a PE ratio of 16.38 and a beta of 0.22. The company has a current ratio of 0.89, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $27.35 and a 200-day moving average of $26.35. Coterra Energy Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $29.89.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. As a group, equities analysts expect that Coterra Energy Inc. will post 1.82 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 annualized dividend and a yield of 2.96%. Coterra Energy's dividend payout ratio is presently 48.55%.

Analyst Ratings Changes

Several research firms have weighed in on CTRA. Barclays assumed coverage on Coterra Energy in a report on Wednesday, April 10th. They issued an "overweight" rating and a $36.00 target price on the stock. Susquehanna upped their price objective on Coterra Energy from $30.00 to $32.00 and gave the company a "positive" rating in a research report on Monday, April 22nd. UBS Group upped their price objective on Coterra Energy from $31.00 to $32.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Piper Sandler upped their price objective on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Finally, Scotiabank upped their price objective on Coterra Energy from $31.00 to $35.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.67.

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.