Uncommon Cents Investing LLC Has $390,000 Holdings in Coterra Energy Inc. (NYSE:CTRA)

Uncommon Cents Investing LLC lessened its position in Coterra Energy Inc. (NYSE:CTRA) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,290 shares of the company’s stock after selling 450 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Coterra Energy were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management raised its holdings in Coterra Energy by 51.5% in the 4th quarter. Ritholtz Wealth Management now owns 28,052 shares of the company’s stock worth $716,000 after acquiring an additional 9,531 shares during the period. Procyon Advisors LLC raised its holdings in Coterra Energy by 7.0% in the 4th quarter. Procyon Advisors LLC now owns 14,170 shares of the company’s stock worth $362,000 after acquiring an additional 924 shares during the period. Kingswood Wealth Advisors LLC bought a new position in shares of Coterra Energy during the 4th quarter worth about $219,000. Raymond James & Associates increased its holdings in shares of Coterra Energy by 2.3% during the 4th quarter. Raymond James & Associates now owns 1,122,446 shares of the company’s stock worth $28,645,000 after purchasing an additional 25,462 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Coterra Energy by 14.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 216,608 shares of the company’s stock worth $5,528,000 after purchasing an additional 27,030 shares during the period. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

CTRA stock traded up $0.02 during midday trading on Thursday, reaching $27.88. 6,854,369 shares of the company’s stock traded hands, compared to its average volume of 7,097,878. The company has a 50-day simple moving average of $25.70 and a two-hundred day simple moving average of $26.32. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 13.03 and a beta of 0.20. 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:CTRA) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, analysts anticipate that Coterra Energy Inc. will post 1.98 earnings per share for the current year.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.21 dividend. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Wednesday, March 13th. Coterra Energy’s dividend payout ratio (DPR) is 39.25%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CTRA. Mizuho dropped their price objective on shares of Coterra Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Susquehanna upgraded shares of Coterra Energy from a “neutral” rating to a “positive” rating and dropped their price objective for the stock from $31.00 to $30.00 in a report on Friday, January 26th. Morgan Stanley lowered their target price on shares of Coterra Energy from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Bank of America raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, January 5th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Insider Activity

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

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.