Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 226.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 85,785 shares of the company’s stock after purchasing an additional 59,485 shares during the period. Qsemble Capital Management LP’s holdings in Coterra Energy were worth $2,189,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CTRA. Beacon Investment Advisors LLC boosted its holdings in shares of Coterra Energy by 0.7% in the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock valued at $1,689,000 after acquiring an additional 422 shares in the last quarter. Stone House Investment Management LLC boosted its holdings in Coterra Energy by 32.4% in the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after purchasing an additional 438 shares in the last quarter. SouthState Corp increased its position in Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares during the period. Trust Co. of Vermont raised its stake in shares of Coterra Energy by 1.9% during the 3rd quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after buying an additional 503 shares in the last quarter. Finally, Cascade Investment Advisors Inc. lifted its holdings in shares of Coterra Energy by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 51,140 shares of the company’s stock valued at $1,305,000 after buying an additional 535 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on CTRA. Susquehanna upped their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, May 7th. Barclays initiated coverage on shares of Coterra Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 target price on the stock. Stifel Nicolaus decreased their price target on Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. raised their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Raymond James boosted their target price on Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.73.

Read Our Latest Research Report on Coterra Energy

Insider Activity at Coterra Energy

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

Coterra Energy Trading Down 1.4 %

CTRA traded down $0.41 during midday trading on Friday, hitting $28.08. The company’s stock had a trading volume of 4,696,726 shares, compared to its average volume of 5,812,329. The firm has a market cap of $20.90 billion, a P/E ratio of 16.23 and a beta of 0.22. Coterra Energy Inc. has a 52-week low of $22.91 and a 52-week high of $29.89. The company has a current ratio of 1.49, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $27.54 and a two-hundred day moving average price of $26.36.

Coterra Energy (NYSE:CTRAGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. On average, research analysts anticipate that Coterra Energy Inc. will post 1.82 earnings per share for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

Coterra Energy Company 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.

Further Reading

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

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