Interval Partners LP Has $3.73 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

Interval Partners LP raised its stake in Coterra Energy Inc. (NYSE:CTRA) by 165.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 146,201 shares of the company’s stock after acquiring an additional 91,225 shares during the quarter. Interval Partners LP’s holdings in Coterra Energy were worth $3,734,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CTRA. City State Bank acquired a new position in Coterra Energy in the fourth quarter valued at about $26,000. AdvisorNet Financial Inc increased its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy in the 4th quarter valued at $43,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

NYSE:CTRA opened at $23.40 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The business has a 50 day moving average of $26.30 and a 200 day moving average of $26.39. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.09. The company had revenue of $924.00 million for the quarter, compared to analysts’ expectations of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid 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 3.76%. Coterra Energy’s dividend payout ratio is currently 51.16%.

Insider Transactions at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction on 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 directly owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This trade represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The shares were 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 directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and boosted their price target for the stock from $34.00 to $37.00 in a report on Wednesday, March 12th. Williams Trading set a $37.00 price target on Coterra Energy in a report on Wednesday, March 5th. Truist Financial increased their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group lowered their price target on Coterra Energy from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. Finally, Scotiabank decreased their target price on Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

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.