Premier Path Wealth Partners LLC Lowers Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Premier Path Wealth Partners LLC decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,765 shares of the company’s stock after selling 377 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Coterra Energy were worth $216,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Significant Wealth Partners LLC acquired a new stake in shares of Coterra Energy during the fourth quarter worth about $1,604,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Coterra Energy by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock worth $18,531,000 after purchasing an additional 459,713 shares during the last quarter. Van ECK Associates Corp increased its stake in Coterra Energy by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 113,399 shares of the company’s stock valued at $3,068,000 after buying an additional 2,376 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coterra Energy in the 3rd quarter valued at approximately $1,461,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Coterra Energy during the 4th quarter worth approximately $11,485,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Mizuho lifted their price target on Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Stifel Nicolaus lowered their price target on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Raymond James raised their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Scotiabank upped their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley lifted their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.67.

Insider Activity at Coterra Energy

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the transaction, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Trading Down 1.3 %

Shares of Coterra Energy stock traded down $0.36 during mid-day trading on Wednesday, hitting $27.49. 5,917,309 shares of the stock were exchanged, compared to its average volume of 6,595,188. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 15.89 and a beta of 0.22. Coterra Energy Inc. has a twelve month low of $22.91 and a twelve month high of $29.89. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $27.78 and a 200 day simple moving average of $26.37.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. Research analysts forecast that Coterra Energy Inc. will post 1.82 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 annualized dividend and a yield of 3.06%. Coterra Energy’s payout ratio is currently 48.55%.

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.