Qsemble Capital Management LP lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 226.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,785 shares of the company's stock after purchasing an additional 59,485 shares during the quarter. Qsemble Capital Management LP's holdings in Coterra Energy were worth $2,189,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Beacon Investment Advisors LLC raised its position in Coterra Energy by 0.7% in the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company's stock valued at $1,689,000 after purchasing an additional 422 shares during the period. Stone House Investment Management LLC raised its position in Coterra Energy by 32.4% in the fourth quarter. Stone House Investment Management LLC now owns 1,791 shares of the company's stock valued at $46,000 after purchasing an additional 438 shares during the period. SouthState Corp raised its position in Coterra Energy by 75.4% in the third quarter. SouthState Corp now owns 1,056 shares of the company's stock valued at $29,000 after purchasing an additional 454 shares during the period. Trust Co. of Vermont raised its position in Coterra Energy by 1.9% in the third quarter. Trust Co. of Vermont now owns 26,314 shares of the company's stock valued at $712,000 after purchasing an additional 503 shares during the period. Finally, Cascade Investment Advisors Inc. raised its position in Coterra Energy by 1.1% in the fourth quarter. Cascade Investment Advisors Inc. now owns 51,140 shares of the company's stock valued at $1,305,000 after purchasing an additional 535 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CTRA has been the topic of several research reports. UBS Group raised 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. Susquehanna lifted their target price on Coterra Energy from $32.00 to $33.00 and gave the stock a "positive" rating in a research report on Tuesday, May 7th. Raymond James lifted their target price on Coterra Energy from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their target price on Coterra Energy from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Finally, Stephens reaffirmed an "overweight" rating and set a $39.00 target price on shares of Coterra Energy in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and an average price target of $32.73.
Check Out Our Latest Stock Analysis on Coterra Energy
Insider Buying and Selling at Coterra Energy
In other news, VP Michael D. Deshazer sold 14,000 shares of the business'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 directly 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 accessible through this link. In other news, VP Michael D. Deshazer sold 14,000 shares of the business'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 directly 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 accessible through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the business'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 value of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares of the company's stock, valued at $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Coterra Energy Stock Down 1.4 %
NYSE:CTRA traded down $0.41 during mid-day trading on Friday, reaching $28.08. The stock had a trading volume of 4,696,726 shares, compared to its average volume of 5,812,329. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.18. The stock's 50 day simple moving average is $27.54 and its two-hundred day simple moving average is $26.34. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of 16.23 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 EPS 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 10.75%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities analysts anticipate that Coterra Energy Inc. will post 1.82 EPS for the current year.
Coterra Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.99%. Coterra Energy's payout ratio is currently 48.55%.
Coterra Energy Company Profile
(
Free Report)
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.
Further Reading
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