FORA Capital LLC Buys 1,537 Shares of Coterra Energy Inc. (NYSE:CTRA)

FORA Capital LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,590 shares of the company’s stock after acquiring an additional 1,537 shares during the quarter. FORA Capital LLC’s holdings in Coterra Energy were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. lifted its holdings in shares of Coterra Energy by 47.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,615,794 shares of the company’s stock valued at $41,267,000 after buying an additional 519,670 shares during the period. Deutsche Bank AG grew its stake in shares of Coterra Energy by 13.7% during the 4th quarter. Deutsche Bank AG now owns 6,075,429 shares of the company’s stock valued at $155,166,000 after purchasing an additional 732,928 shares during the period. Dean Capital Management purchased a new stake in shares of Coterra Energy during the 4th quarter valued at about $1,289,000. Delaware Ladera Management Company Inc. bought a new position in shares of Coterra Energy in the 4th quarter worth approximately $90,000. Finally, Corigliano Investment Advisers LLC purchased a new position in shares of Coterra Energy in the fourth quarter worth approximately $19,829,000. Institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

CTRA has been the topic of several analyst reports. Raymond James dropped their price target on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. Williams Trading set a $37.00 price target on Coterra Energy in a report on Wednesday, March 5th. Piper Sandler raised their price objective on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Jefferies Financial Group boosted their price objective on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Insider Buying and Selling

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

Coterra Energy Stock Up 1.2 %

CTRA stock opened at $23.40 on Friday. 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 stock has a market capitalization of $17.88 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The firm has a 50 day moving average of $26.30 and a 200 day moving average of $26.35.

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

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors 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 yield of 3.76%. Coterra Energy’s dividend payout ratio is currently 51.16%.

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.