Capital Investment Advisors LLC has acquired a new stake in Coterra Energy Inc. (NYSE: CTRA – Get Rating) in the first quarter, reports HoldingsChannel.com. The company purchased 26,164 shares of the company’s stock worth approximately $ 706,000.
A number of other large investors have also recently added or reduced their stakes in CTRA. CHURCHILL MANAGEMENT Corp. bought a new position in shares of Coterra Energy in the first quarter worth about $ 11,873,000. Cascade Investment Advisors Inc. bought a new position in shares of Coterra Energy in the first quarter worth about $ 1,464,000. Brookstone Capital Management bought a new position in shares of Coterra Energy in the first quarter worth about $ 716,000. Fruth Investment Management bought a new position in shares of Coterra Energy in the first quarter worth about $ 669,000. Finally, Oakworth Capital Inc. bought a new position in shares of Coterra Energy in the first quarter worth about $ 432,000. Hedge funds and other institutional investors hold 93.40% of the company’s shares.
A number of stock analysts weighed CTRA shares. Mizuho raised its target price for shares of Coterra Energy from $ 38.00 to $ 44.00 and gave the shares a “buy” rating in a research note on Friday, April 8. Raymond James raised his Coterra Energy stock price target from $ 31.00 to $ 42.00 and gave the stock a “superior” rating in a research note on Monday (April 25th). Morgan Stanley raised its target price for shares of Coterra Energy from $ 25.00 to $ 30.00 and gave the shares a rating of “equal weight” in a research note on Friday, April 22. Susquehanna downgraded Coterra Energy’s stock rating from “positive” to “neutral” and raised its target price for the stock from $ 26.00 to $ 32.00 in a research note on Monday (April 25th). Finally, Susquehanna Bancshares downgraded Coterra Energy’s stock from a “positive” rating to a “neutral” rating and raised its target price for the stock from $ 26.00 to $ 32.00 in a research note on Monday, April 25th. One analyst rated the shares with a rating for sale, nine issued a rating for retention and six issued a rating for the purchase of shares. According to MarketBeat, the company currently has a consensus Hold rating and an average target price of $ 33.64.
Shares of NYSE: CTRA opened at $ 26.35 on Friday. Coterra Energy Inc. has a 52-week low of $ 14.28 and a 52-week high of $ 36.55. The company has a debt to equity ratio of 0.26, a fast ratio of 1.54 and a current ratio of 1.57. The company has a market capitalization of $ 21.23 billion, a PE ratio of 12.26, a PEG ratio of 0.11 and a beta of -0.22. The company has a 50-day moving average price of $ 31.16 and a two-hundred-day moving average price of $ 25.99.
Coterra Energy (NYSE: CTRA – Get Rating) last released its earnings results on Monday, May 2nd. The company reported $ 1.01 EPS for the quarter, beating the consensus estimate of $ 0.83 by $ 0.18. Coterra Energy had a net margin of 35.13% and a return on equity of 24.79%. During the same period last year, the company earned $ 0.36 earnings per share. On average, sales analysts predict that Coterra Energy Inc. will report 4.14 earnings per share for the current year.
The business also recently declared a None dividend, which was paid on Wednesday, May 25th. The record shareholders on Friday, May 13, received a dividend of $ 0.60. This represents a dividend yield of 1.8%. The date of the former dividend of this dividend was Thursday, May 12. This is a boost from Coterra Energy’s previous None dividend of $ 0.50. Coterra Energy’s dividend payout ratio is 27.91%.
In related news, SVP Francis Brian Barron sold 10,000 shares of shares in a deal on Wednesday, May 25th. The shares were sold at an average price of $ 33.52, for a total transaction of $ 335,200.00. Following the transaction, the senior vice president now owns 281,212 shares in the company worth $ 9,426,226.24. The sale was revealed in documentation in the Securities and Exchange Commission, which is available through the SEC website. Also, EVP Stephen P. Bell sold 36,327 shares of the stock in a deal on Tuesday, June 7th. The shares were sold at an average price of $ 35.41, for a total transaction of $ 1,286,339.07. Following the deal, the executive vice president now owns 351,436 shares of the company’s stock worth approximately $ 12,444,348.76. The disclosure for this sale can be found here. In the last quarter, Insiders sold 96,327 shares of the company for $ 3,213,039. Corporate insiders own 1.60% of the company’s shares.
Coterra energy profile (Get a rating)
Coterra Energy Inc., an independent oil and gas company, is engaged in the development, exploration and production of oil, natural gas and natural gas liquids in the United States. The main focus is on Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play, located in Susquehanna County, Pennsylvania.
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