Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 34.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,431 shares of the company’s stock after purchasing an additional 22,716 shares during the period. Orion Portfolio Solutions LLC’s holdings in Coterra Energy were worth $2,142,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Larson Financial Group LLC lifted its stake in shares of Coterra Energy by 98.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after acquiring an additional 535 shares during the period. Values First Advisors Inc. purchased a new position in Coterra Energy during the third quarter worth about $57,000. Tobam acquired a new stake in Coterra Energy in the third quarter valued at about $63,000. Capital Performance Advisors LLP purchased a new stake in Coterra Energy in the 3rd quarter valued at approximately $67,000. Finally, Family Firm Inc. acquired a new position in Coterra Energy during the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CTRA shares. Roth Mkm raised Coterra Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $29.00 in a report on Tuesday, August 27th. Susquehanna boosted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. UBS Group increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, 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 report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.47.

Coterra Energy Stock Up 2.2 %

Shares of NYSE:CTRA opened at $25.36 on Thursday. The company has a market capitalization of $18.68 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.62 and a beta of 0.27. The stock’s fifty day simple moving average is $24.97 and its 200-day simple moving average is $25.25. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $28.90. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 3.31%. Coterra Energy’s dividend payout ratio (DPR) is presently 50.60%.

Insider Buying and Selling at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % 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 insiders.

Coterra Energy 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.