Vanguard Personalized Indexing Management LLC Decreases Stake in Coterra Energy Inc. (NYSE:CTRA)

Vanguard Personalized Indexing Management LLC decreased its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 88,793 shares of the company's stock after selling 29,429 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Coterra Energy were worth $2,266,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC raised its position in Coterra Energy by 9.1% in the 3rd quarter. Perigon Wealth Management LLC now owns 11,603 shares of the company's stock valued at $314,000 after purchasing an additional 969 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Coterra Energy by 25.2% during the third quarter. Allworth Financial LP now owns 23,670 shares of the company's stock worth $640,000 after purchasing an additional 4,760 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Coterra Energy by 149.0% during the third quarter. Teacher Retirement System of Texas now owns 593,551 shares of the company's stock worth $16,056,000 after purchasing an additional 355,210 shares during the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Coterra Energy by 2.9% during the third quarter. New Mexico Educational Retirement Board now owns 39,392 shares of the company's stock worth $1,066,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Coterra Energy by 5.9% during the third quarter. Daiwa Securities Group Inc. now owns 63,125 shares of the company's stock worth $1,708,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Stock Up 0.7 %

CTRA stock traded up $0.20 during mid-day trading on Thursday, reaching $28.01. The company had a trading volume of 7,588,926 shares, compared to its average volume of 6,674,267. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The stock has a 50 day simple moving average of $27.63 and a two-hundred day simple moving average of $26.36. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 16.28 and a beta of 0.22. Coterra Energy Inc. has a 52 week low of $22.91 and a 52 week high of $29.89.

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 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities analysts predict that Coterra Energy Inc. will post 1.82 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders 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 3.00%. The ex-dividend date of this dividend is Wednesday, May 15th. Coterra Energy's dividend payout ratio is 48.55%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the company's stock in a transaction 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 directly owns 176,758 shares of the company's stock, valued at approximately $4,783,071.48. 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 company's stock in a transaction 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 sale, the vice president now directly owns 93,988 shares in the company, valued at approximately $2,449,327.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Todd M. Roemer sold 55,000 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the sale, 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. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on Coterra Energy from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on Coterra Energy from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Scotiabank raised their price target on Coterra Energy from $31.00 to $35.00 and gave the company a "sector outperform" rating in a report on Thursday, April 11th. Mizuho raised their price target on Coterra Energy from $37.00 to $41.00 and gave the company a "buy" rating in a report on Monday. Finally, Susquehanna raised their price target on Coterra Energy from $32.00 to $33.00 and gave the company a "positive" rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $33.67.

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.