Fisher Asset Management LLC acquired a new position in shares of Coterra Energy Inc. (NYSE:CTRA – Get Rating) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 12,645 shares of the company’s stock, valued at approximately $341,000.
Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of Coterra Energy during the 1st quarter worth approximately $28,000. Joseph P. Lucia & Associates LLC bought a new stake in Coterra Energy during the first quarter worth $32,000. Toth Financial Advisory Corp acquired a new stake in shares of Coterra Energy in the 1st quarter valued at $34,000. GPS Wealth Strategies Group LLC bought a new position in shares of Coterra Energy in the 1st quarter valued at $37,000. Finally, Selective Wealth Management Inc. acquired a new position in shares of Coterra Energy during the 1st quarter worth $40,000. 93.40% of the stock is owned by institutional investors.
Insider Transactions at Coterra Energy
In related news, SVP Francis Brian Barron sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $33.52, for a total transaction of $335,200.00. Following the transaction, the senior vice president now owns 281,212 shares in the company, valued at approximately $9,426,226.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coterra Energy news, EVP Stephen P. Bell sold 36,327 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $35.41, for a total value of $1,286,339.07. Following the completion of the sale, the executive vice president now owns 351,436 shares of the company’s stock, valued at $12,444,348.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Francis Brian Barron sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $33.52, for a total value of $335,200.00. Following the transaction, the senior vice president now directly owns 281,212 shares in the company, valued at $9,426,226.24. The disclosure for this sale can be found here. Insiders sold a total of 96,327 shares of company stock valued at $3,213,039 in the last quarter. 1.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Coterra Energy Trading Up 2.0 %
CTRA opened at $27.93 on Friday. The stock has a market cap of $22.22 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.11 and a beta of 0.07. The company has a quick ratio of 1.54, a current ratio of 1.80 and a debt-to-equity ratio of 0.24. Coterra Energy Inc. has a twelve month low of $14.28 and a twelve month high of $36.55. The company has a fifty day moving average of $29.28 and a 200-day moving average of $27.47.
Coterra Energy (NYSE:CTRA – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Coterra Energy had a return on equity of 28.44% and a net margin of 41.04%. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, sell-side analysts predict that Coterra Energy Inc. will post 4.62 EPS for the current year.
Coterra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Monday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, August 12th. Coterra Energy’s payout ratio is 16.67%.
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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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