Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 23.0% in the 4th quarter, Holdings Channel reports. The firm owned 29,912 shares of the company’s stock after purchasing an additional 5,590 shares during the quarter. Oak Thistle LLC’s holdings in Coterra Energy were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Quent Capital LLC increased its stake in Coterra Energy by 7.4% during the third quarter. Quent Capital LLC now owns 5,441 shares of the company’s stock valued at $147,000 after purchasing an additional 375 shares during the last quarter. Beacon Investment Advisors LLC increased its stake in Coterra Energy by 0.7% during the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock valued at $1,689,000 after purchasing an additional 422 shares during the last quarter. SouthState Corp increased its stake in Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after purchasing an additional 454 shares during the last quarter. Echo Street Capital Management LLC increased its stake in Coterra Energy by 5.5% during the fourth quarter. Echo Street Capital Management LLC now owns 9,084 shares of the company’s stock valued at $223,000 after purchasing an additional 477 shares during the last quarter. Finally, Hoxton Planning & Management LLC increased its stake in Coterra Energy by 3.9% during the first quarter. Hoxton Planning & Management LLC now owns 13,238 shares of the company’s stock valued at $325,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

CTRA stock opened at $28.31 on Wednesday. The company has a market capitalization of $21.28 billion, a P/E ratio of 13.23 and a beta of 0.21. The company has a 50-day simple moving average of $25.92 and a 200 day simple moving average of $26.29. Coterra Energy Inc. has a fifty-two week low of $22.91 and a fifty-two week high of $29.89. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12.

Coterra Energy (NYSE:CTRAGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. Sell-side analysts predict that Coterra Energy Inc. will post 1.98 earnings per share for the current fiscal year.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.97%. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 13th. Coterra Energy’s dividend payout ratio is presently 39.25%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the sale, the vice president now directly owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the sale, the vice president now directly owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CTRA has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and set a $39.00 target price on shares of Coterra Energy in a research note on Tuesday, January 23rd. Raymond James upped their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Bank of America upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, January 5th. Susquehanna upgraded shares of Coterra Energy from a “neutral” rating to a “positive” rating and lowered their price target for the stock from $31.00 to $30.00 in a research report on Friday, January 26th. Finally, Piper Sandler upped their price target on shares of Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $31.77.

View Our Latest Stock Report on Coterra Energy

Coterra Energy Profile

(Free Report)

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.

See Also

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

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