12,645 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC acquired a new position in shares of Coterra Energy Inc. (NYSE:CTRAGet 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

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on Coterra Energy from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Piper Sandler lowered their price objective on shares of Coterra Energy from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, July 22nd. Susquehanna Bancshares lowered shares of Coterra Energy from a “positive” rating to a “neutral” rating and raised their target price for the company from $26.00 to $32.00 in a research report on Monday, April 25th. Raymond James upped their price target on shares of Coterra Energy from $31.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Finally, MKM Partners reissued a “neutral” rating and set a $26.00 price objective on shares of Coterra Energy in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coterra Energy presently has a consensus rating of “Hold” and a consensus target price of $33.07.

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:CTRAGet 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

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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.

Further Reading

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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