Coterra Energy Inc. (NYSE:CTRA) Shares Sold by FCG Investment Co

FCG Investment Co lowered its stake in Coterra Energy Inc. (NYSE:CTRA) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,650 shares of the company’s stock after selling 4,951 shares during the quarter. FCG Investment Co’s holdings in Coterra Energy were worth $476,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in shares of Coterra Energy by 7.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 37,485 shares of the company’s stock valued at $1,000,000 after buying an additional 2,536 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Coterra Energy by 36.1% during the 2nd quarter. AE Wealth Management LLC now owns 11,481 shares of the company’s stock valued at $306,000 after acquiring an additional 3,046 shares during the period. ProShare Advisors LLC grew its position in Coterra Energy by 25.8% in the 2nd quarter. ProShare Advisors LLC now owns 160,840 shares of the company’s stock valued at $4,290,000 after acquiring an additional 32,993 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Coterra Energy by 48.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock worth $90,000 after purchasing an additional 1,128 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Coterra Energy by 3.6% during the second quarter. Public Sector Pension Investment Board now owns 129,480 shares of the company’s stock worth $3,453,000 after purchasing an additional 4,475 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Transactions at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Trading Up 0.3 %

NYSE CTRA opened at $29.27 on Friday. The firm’s fifty day moving average price is $26.28 and its 200 day moving average price is $25.07. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. 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 company has a market capitalization of $21.56 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.70 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data 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). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, sell-side analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s payout ratio is currently 50.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Wells Fargo & Company upped their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays lifted their target price on Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup upped their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Susquehanna lifted their price objective on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.18.

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.