Coterra Energy Inc. (NYSE:CTRA) Holdings Reduced by Duality Advisers LP

Duality Advisers LP lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,936 shares of the company’s stock after selling 2,693 shares during the period. Duality Advisers LP’s holdings in Coterra Energy were worth $4,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CTRA. ICA Group Wealth Management LLC acquired a new position in Coterra Energy during the 4th quarter valued at about $25,000. SouthState Corp raised its holdings in Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in Coterra Energy in the fourth quarter worth approximately $33,000. Tennessee Valley Asset Management Partners bought a new position in Coterra Energy during the 4th quarter valued at $33,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Coterra Energy by 133.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock valued at $35,000 after purchasing an additional 740 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now 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 hyperlink. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $364,840.00. Following the completion of the sale, 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. Insiders own 1.70% of the company’s stock.

Coterra Energy Stock Up 1.9 %

Shares of NYSE CTRA traded up $0.53 during mid-day trading on Friday, reaching $27.75. The company had a trading volume of 7,173,792 shares, compared to its average volume of 5,799,357. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 12.97 and a beta of 0.21. The stock has a fifty day moving average of $26.71 and a two-hundred day moving average of $26.38. Coterra Energy Inc. has a 12-month low of $22.91 and a 12-month high of $29.89.

Coterra Energy (NYSE:CTRA) last released 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). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities research analysts expect that Coterra Energy Inc. will post 1.93 EPS for the current year.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.03%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. Coterra Energy’s payout ratio is currently 39.25%.

Analyst Ratings Changes

CTRA has been the subject of several research reports. Stephens reaffirmed an “overweight” rating and set a $39.00 target price on shares of Coterra Energy in a report on Tuesday, January 23rd. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Coterra Energy in a research note on Wednesday, April 3rd. Stifel Nicolaus reduced their target price on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. upped 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. Finally, Morgan Stanley raised their price objective on Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.33.

Coterra Energy Company 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.