Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,032 shares of the company’s stock after selling 1,208 shares during the period. Grace & White Inc. NY’s holdings in Coterra Energy were worth $3,829,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Beacon Investment Advisors LLC boosted its holdings in Coterra Energy by 0.7% in the 3rd quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock worth $1,689,000 after buying an additional 422 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in shares of Coterra Energy by 32.4% during the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock worth $46,000 after purchasing an additional 438 shares during the last quarter. SouthState Corp boosted its holdings in shares of Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Coterra Energy by 1.9% during the 3rd quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after purchasing an additional 503 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Coterra Energy by 0.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 58,913 shares of the company’s stock worth $1,594,000 after purchasing an additional 523 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTRA has been the topic of several recent research reports. Bank of America upgraded Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, January 5th. Piper Sandler boosted their target price on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday. Barclays assumed coverage on Coterra Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price objective 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 report on Monday. Finally, Morgan Stanley upped their price objective on Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.47.

Coterra Energy Trading Up 0.7 %

NYSE CTRA traded up $0.20 on Tuesday, reaching $28.14. The stock had a trading volume of 4,722,317 shares, compared to its average volume of 6,866,773. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of 13.07 and a beta of 0.21. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. Coterra Energy Inc. has a 12-month low of $22.91 and a 12-month high of $29.89. The stock has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $26.40.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. As a group, sell-side analysts forecast that Coterra Energy Inc. will post 1.93 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.21 dividend. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.99%. Coterra Energy’s payout ratio is presently 39.25%.

Insider Buying and Selling at Coterra Energy

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 sale, the vice president now owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $364,840.00. Following the sale, the vice president now directly owns 93,988 shares in the company, valued at approximately $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.