VSM Wealth Advisory LLC Takes $46,000 Position in Coterra Energy Inc. (NYSE:CTRA)

VSM Wealth Advisory LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,800 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Coterra Energy by 28.4% in the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock worth $1,705,480,000 after purchasing an additional 15,736,247 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Coterra Energy by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company’s stock worth $599,356,000 after purchasing an additional 1,310,965 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Coterra Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company’s stock worth $453,628,000 after buying an additional 128,397 shares during the period. Victory Capital Management Inc. raised its holdings in Coterra Energy by 5.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company’s stock valued at $454,834,000 after buying an additional 845,609 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in Coterra Energy by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company’s stock valued at $128,085,000 after buying an additional 284,106 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

Coterra Energy Stock Up 1.6 %

CTRA stock opened at $29.23 on Thursday. The business has a 50 day moving average of $27.88 and a 200 day moving average of $25.76. The firm has a market cap of $22.33 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. Coterra Energy’s dividend payout ratio (DPR) is presently 58.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTRA shares. Jefferies Financial Group upped their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Williams Trading set a $37.00 price objective on Coterra Energy in a report on Wednesday, March 5th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and boosted their target price for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Piper Sandler raised their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

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.