4,921 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,921 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors also recently bought and sold shares of CTRA. DRW Securities LLC raised its stake in shares of Coterra Energy by 53.1% during the 4th quarter. DRW Securities LLC now owns 77,200 shares of the company’s stock worth $1,970,000 after buying an additional 26,780 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Coterra Energy in the fourth quarter valued at $11,485,000. Bridgefront Capital LLC purchased a new stake in shares of Coterra Energy during the 4th quarter worth $399,000. Cohen & Steers Inc. grew its stake in shares of Coterra Energy by 37.1% during the 4th quarter. Cohen & Steers Inc. now owns 110,814 shares of the company’s stock worth $2,828,000 after purchasing an additional 30,002 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Coterra Energy in the 4th quarter valued at about $10,208,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several recent analyst reports. Mizuho upped their target price on shares of Coterra Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Truist Financial upgraded Coterra Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $35.00 in a research report on Thursday, May 16th. UBS Group raised their price target on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus decreased their price objective on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Piper Sandler increased their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and an average target price of $33.93.

Coterra Energy Trading Down 1.5 %

Shares of Coterra Energy stock traded down $0.41 during trading hours on Friday, reaching $26.73. 5,899,003 shares of the company’s stock were exchanged, compared to its average volume of 5,537,548. Coterra Energy Inc. has a 52-week low of $23.60 and a 52-week high of $29.89. The company has a fifty day moving average of $27.78 and a 200-day moving average of $26.46. 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 firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 15.45 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. Sell-side analysts forecast that Coterra Energy Inc. will post 1.99 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. Coterra Energy’s payout ratio is currently 48.55%.

Insider Buying and Selling

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.