O Shaughnessy Asset Management LLC Sells 495,796 Shares of Coterra Energy Inc. (NYSE:CTRA)

O Shaughnessy Asset Management LLC reduced its holdings in Coterra Energy Inc. (NYSE:CTRA) by 90.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,526 shares of the company’s stock after selling 495,796 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Coterra Energy were worth $1,290,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. City State Bank bought a new position in Coterra Energy during the fourth quarter worth $26,000. AdvisorNet Financial Inc grew its position in Coterra Energy by 192.2% in 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 increased its holdings 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 purchasing an additional 869 shares during the period. R Squared Ltd bought a new position in shares of Coterra Energy during the 4th quarter worth about $32,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Coterra Energy during the fourth quarter valued at about $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 8.3 %

Shares of NYSE:CTRA opened at $25.09 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $19.17 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The company’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $26.23.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio (DPR) is currently 58.28%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CTRA shares. JPMorgan Chase & Co. lowered their price target on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Raymond James reduced their target price on Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, March 12th. Mizuho boosted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Morgan Stanley dropped their price objective on shares of Coterra Energy from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, UBS Group lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.35.

About Coterra Energy

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.