Bartlett & CO. Wealth Management LLC Grows Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Bartlett & CO. Wealth Management LLC raised its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 254.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,620 shares of the company’s stock after buying an additional 2,600 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Coterra Energy were worth $92,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CTRA. AE Wealth Management LLC increased its stake in shares of Coterra Energy by 36.1% in the 2nd quarter. AE Wealth Management LLC now owns 11,481 shares of the company’s stock valued at $306,000 after purchasing an additional 3,046 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Coterra Energy by 25.8% in the 2nd quarter. ProShare Advisors LLC now owns 160,840 shares of the company’s stock valued at $4,290,000 after purchasing an additional 32,993 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Coterra Energy by 48.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock valued at $90,000 after purchasing an additional 1,128 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Coterra Energy by 3.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 129,480 shares of the company’s stock valued at $3,453,000 after purchasing an additional 4,475 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Coterra Energy by 5,325.5% in the 2nd quarter. Marshall Wace LLP now owns 1,148,569 shares of the company’s stock valued at $30,632,000 after purchasing an additional 1,127,399 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the business’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 value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Coterra Energy Trading Down 0.6 %

CTRA opened at $29.05 on Friday. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The stock has a market capitalization of $21.40 billion, a PE ratio of 17.50, a P/E/G ratio of 0.65 and a beta of 0.27. The business’s 50 day moving average price is $26.43 and its 200 day moving average price is $25.12. 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 (NYSE:CTRA) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s dividend payout ratio is presently 50.60%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James lifted their price target on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank lowered their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Stephens lifted their price objective on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Morgan Stanley lifted their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Susquehanna lifted their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.18.

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.