8,486 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. bought a new stake in Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,486 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. City State Bank purchased a new stake in shares of Coterra Energy during the 4th quarter valued at $26,000. AdvisorNet Financial Inc raised its stake in Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after buying an additional 744 shares during the last quarter. Values First Advisors Inc. acquired a new stake in Coterra Energy in the third quarter worth about $57,000. Tobam acquired a new stake in Coterra Energy in the third quarter worth about $63,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Coterra Energy during the third quarter worth about $67,000. 87.92% of the stock is currently owned by institutional investors.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Coterra Energy Stock Down 1.1 %

CTRA stock opened at $29.51 on Tuesday. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm’s fifty day moving average is $26.13 and its 200 day moving average is $25.02. The firm has a market cap of $21.74 billion, a PE ratio of 17.78, a P/E/G ratio of 0.98 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Coterra Energy’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. On average, research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.85%. Coterra Energy’s dividend payout ratio (DPR) is 50.60%.

Analyst Ratings Changes

A number of research firms recently commented on CTRA. Susquehanna lifted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Truist Financial boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday, January 13th. Scotiabank reduced their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Stephens increased their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.76.

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.