Mount Yale Investment Advisors LLC Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

Mount Yale Investment Advisors LLC purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,837 shares of the company’s stock, valued at approximately $1,273,000.

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Coterra Energy by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 725,344 shares of the company’s stock worth $19,345,000 after buying an additional 2,283 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Coterra Energy by 1.4% in the 2nd quarter. Mackenzie Financial Corp now owns 133,846 shares of the company’s stock worth $3,570,000 after acquiring an additional 1,788 shares in the last quarter. Algert Global LLC lifted its stake in shares of Coterra Energy by 16.3% during the 2nd quarter. Algert Global LLC now owns 14,625 shares of the company’s stock worth $390,000 after purchasing an additional 2,055 shares during the last quarter. Creative Planning boosted its position in Coterra Energy by 6.7% during the second quarter. Creative Planning now owns 62,356 shares of the company’s stock valued at $1,663,000 after purchasing an additional 3,926 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Coterra Energy by 198.8% in the second quarter. NewEdge Advisors LLC now owns 82,825 shares of the company’s stock valued at $2,209,000 after purchasing an additional 55,109 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE:CTRA opened at $27.82 on Tuesday. The firm’s fifty day moving average is $26.46 and its two-hundred day moving average is $25.10. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.65 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

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

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s dividend payout ratio is currently 50.60%.

Wall Street Analysts Forecast Growth

CTRA has been the topic of a number of recent analyst reports. Raymond James raised their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup raised their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler cut their price target on shares of Coterra Energy from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Mizuho raised their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.18.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the company’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 transaction of $439,800.60. Following the completion of the transaction, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred on 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 owns 77,075 shares in the company, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company 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.