Certuity LLC Grows Holdings in Coterra Energy Inc. (NYSE:CTRA)

Certuity LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,782 shares of the company’s stock after acquiring an additional 3,308 shares during the period. Certuity LLC’s holdings in Coterra Energy were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management raised its stake in Coterra Energy by 35.5% during the third quarter. Brookstone Capital Management now owns 69,231 shares of the company’s stock valued at $2,049,000 after buying an additional 18,151 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Coterra Energy by 18.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 218,119 shares of the company’s stock worth $5,900,000 after purchasing an additional 34,479 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Coterra Energy by 688.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 266,410 shares of the company’s stock worth $7,206,000 after purchasing an additional 232,626 shares in the last quarter. Raymond James & Associates grew its position in Coterra Energy by 1.5% during the 3rd quarter. Raymond James & Associates now owns 1,096,984 shares of the company’s stock valued at $29,673,000 after purchasing an additional 16,710 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Coterra Energy by 29.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 178,109 shares of the company’s stock valued at $4,818,000 after purchasing an additional 40,446 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTRA. JPMorgan Chase & Co. upped their target price on shares of Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stephens reiterated an “overweight” rating and set a $39.00 target price on shares of Coterra Energy in a research note on Tuesday, January 23rd. Barclays initiated coverage on Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price target for the company. Stifel Nicolaus dropped their price objective on 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 boosted their target price on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.47.

Coterra Energy Stock Down 1.6 %

Shares of CTRA stock opened at $26.91 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. Coterra Energy Inc. has a 12 month low of $22.91 and a 12 month high of $29.89. The stock has a market cap of $20.23 billion, a P/E ratio of 12.57 and a beta of 0.22. The company has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $26.41.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. On average, research analysts expect that Coterra Energy Inc. will post 1.82 earnings per share for the current year.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.12%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. Coterra Energy’s dividend payout ratio is currently 39.25%.

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.