Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 152.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 453,122 shares of the company’s stock after buying an additional 273,345 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Coterra Energy were worth $11,573,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CTRA. City State Bank purchased a new position in Coterra Energy in the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc increased its stake in Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares in the last quarter. MCF Advisors LLC increased its stake in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new position in Coterra Energy in the 4th quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd purchased a new position in Coterra Energy in the 4th quarter valued at approximately $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $23.40 on Monday. The company has a market cap of $17.88 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.59 and a beta of 0.33. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The business has a fifty day simple moving average of $26.30 and a 200-day simple moving average of $26.39.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, May 15th. Coterra Energy’s dividend payout ratio is currently 51.16%.

Wall Street Analyst Weigh In

CTRA has been the subject of several research analyst reports. Williams Trading set a $37.00 price objective on Coterra Energy in a research note on Wednesday, March 5th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and raised their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. UBS Group cut their price target on Coterra Energy from $32.00 to $30.00 and set a “buy” rating for the company in a report on Friday. Bank of America cut their price target on Coterra Energy from $34.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Wells Fargo & Company boosted their price target on Coterra Energy from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Insider Activity

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. This trade represents a 19.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

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.