Stoneridge Investment Partners LLC Takes $1.14 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Stoneridge Investment Partners LLC acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,536 shares of the company's stock, valued at approximately $1,137,000.

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

Coterra Energy Stock Performance

Shares of NYSE CTRA traded down $0.41 during midday trading on Friday, reaching $28.08. The company had a trading volume of 4,696,726 shares, compared to its average volume of 5,812,329. The company has a current ratio of 1.49, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The business's 50-day simple moving average is $27.54 and its 200 day simple moving average is $26.36. Coterra Energy Inc. has a 1 year low of $22.91 and a 1 year high of $29.89. The stock has a market cap of $20.90 billion, a P/E ratio of 16.23 and a beta of 0.22.

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

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, May 15th. Coterra Energy's dividend payout ratio is currently 48.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CTRA shares. Truist Financial reduced their target price on Coterra Energy from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 5th. Mizuho upped their target price on Coterra Energy from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. Susquehanna boosted their price objective on Coterra Energy from $32.00 to $33.00 and gave the company a "positive" rating in a report on Tuesday. Scotiabank boosted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the company a "sector outperform" rating in a research note on Thursday, April 11th. Finally, Piper Sandler upped their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.73.

Insider Buying and Selling at Coterra Energy

In other news, 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 transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 176,758 shares of the company's stock, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael D. Deshazer sold 14,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were 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 directly owns 93,988 shares in the company, valued at $2,449,327.28. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

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.