Dean Capital Management Takes $1.29 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Dean Capital Management purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,462 shares of the company’s stock, valued at approximately $1,289,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTRA. Williams Trading set a $37.00 target price on shares of Coterra Energy in a research note on Wednesday, March 5th. Scotiabank lowered their price objective on shares of Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley set a $28.00 target price on Coterra Energy in a report on Tuesday, April 15th. UBS Group dropped their price objective on Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Susquehanna lowered their price target on shares of Coterra Energy from $34.00 to $32.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.85.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, the senior vice president now owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the 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 sale, 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Coterra Energy Stock Performance

Shares of NYSE:CTRA opened at $22.98 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The business has a fifty day moving average of $26.51 and a 200-day moving average of $26.38. The firm has a market cap of $17.56 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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%. Coterra Energy’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.83%. Coterra Energy’s payout ratio is presently 58.28%.

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.