Uncommon Cents Investing LLC Sells 450 Shares of Coterra Energy Inc. (NYSE:CTRA)

Uncommon Cents Investing LLC lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,290 shares of the company’s stock after selling 450 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Coterra Energy were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTRA. Raymond James Financial Services Advisors Inc. purchased a new position in Coterra Energy during the 1st quarter valued at approximately $1,267,000. D.A. Davidson & CO. purchased a new position in shares of Coterra Energy in the 1st quarter worth approximately $305,000. Yousif Capital Management LLC purchased a new position in shares of Coterra Energy in the 1st quarter worth approximately $3,011,000. Raymond James Trust N.A. purchased a new position in shares of Coterra Energy in the 1st quarter worth approximately $400,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Coterra Energy in the 1st quarter worth approximately $3,218,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the subject of a number of recent research reports. Citigroup upgraded Coterra Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $30.00 in a report on Monday, December 11th. Mizuho decreased their price target on Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Morgan Stanley decreased their price target on Coterra Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday. Bank of America raised Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, January 5th. Finally, Piper Sandler raised their price target on Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and an average target price of $31.77.

Coterra Energy Stock Up 0.1 %

CTRA stock traded up $0.02 on Thursday, hitting $27.88. 6,854,369 shares of the company’s stock were exchanged, compared to its average volume of 7,097,878. Coterra Energy Inc. has a 12-month low of $22.91 and a 12-month high of $29.89. The firm has a 50 day moving average price of $25.70 and a two-hundred day moving average price of $26.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21. The stock has a market cap of $20.96 billion, a P/E ratio of 13.03 and a beta of 0.20.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). The business had revenue of $1.60 billion for 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%. As a group, equities research analysts expect that Coterra Energy Inc. will post 1.98 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a $0.21 dividend. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.01%. Coterra Energy’s dividend payout ratio is presently 39.25%.

Insider Buying and Selling

In related news, 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 completion of the transaction, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 176,758 shares in the company, valued at $4,783,071.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael D. Deshazer sold 14,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

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.