Coterra Energy Inc. (NYSE:CTRA) SVP Sells 29,643 Shares

Coterra Energy Inc. (NYSE:CTRA) SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Coterra Energy Stock Performance

Shares of NYSE CTRA traded up $0.07 during mid-day trading on Tuesday, hitting $26.16. The company had a trading volume of 4,326,131 shares, compared to its average volume of 5,751,681. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $28.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a market cap of $19.27 billion, a P/E ratio of 15.77, a PEG ratio of 1.70 and a beta of 0.27. The business’s 50-day simple moving average is $24.75 and its 200-day simple moving average is $25.35.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $0.47 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.21 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. Coterra Energy’s dividend payout ratio (DPR) is presently 50.60%.

Institutional Investors Weigh In On Coterra Energy

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in shares of Coterra Energy by 283.4% in the 1st quarter. Cetera Investment Advisers now owns 209,095 shares of the company’s stock valued at $5,830,000 after buying an additional 154,551 shares during the period. Cetera Advisors LLC raised its holdings in Coterra Energy by 88.0% during the 1st quarter. Cetera Advisors LLC now owns 58,676 shares of the company’s stock worth $1,636,000 after purchasing an additional 27,463 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Coterra Energy by 31.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after purchasing an additional 557 shares during the period. GAMMA Investing LLC boosted its stake in shares of Coterra Energy by 61.3% in the 2nd quarter. GAMMA Investing LLC now owns 11,041 shares of the company’s stock valued at $294,000 after purchasing an additional 4,195 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Coterra Energy by 0.9% during the second quarter. DNB Asset Management AS now owns 139,764 shares of the company’s stock worth $3,728,000 after buying an additional 1,295 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTRA. Stephens lifted their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Susquehanna raised their target price on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Roth Mkm upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $25.00 to $29.00 in a research report on Tuesday, August 27th. Barclays increased their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Scotiabank decreased their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.47.

Coterra Energy Company Profile

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.