Charles Schwab Investment Management Inc. Sells 30,174 Shares of Coterra Energy Inc. (NYSE:CTRA)

Charles Schwab Investment Management Inc. trimmed its stake in Coterra Energy Inc. (NYSE:CTRA) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,050,416 shares of the company’s stock after selling 30,174 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Coterra Energy were worth $409,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Investment Advisors LLC grew its stake in shares of Coterra Energy by 0.7% during the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock valued at $1,689,000 after buying an additional 422 shares during the last quarter. Stone House Investment Management LLC grew its position in Coterra Energy by 32.4% in the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after acquiring an additional 438 shares during the last quarter. SouthState Corp lifted its position in shares of Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Coterra Energy by 1.9% during the third quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after purchasing an additional 503 shares during the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in shares of Coterra Energy by 1.1% during the fourth quarter. Cascade Investment Advisors Inc. now owns 51,140 shares of the company’s stock valued at $1,305,000 after purchasing an additional 535 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday. Raymond James boosted their price target on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. UBS Group raised their price objective on Coterra Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Barclays initiated coverage on Coterra Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 target price for the company. Finally, Stephens restated an “overweight” rating and set a $39.00 price target on shares of Coterra Energy in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.73.

Insiders Place Their Bets

In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction dated 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 directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy 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 sale, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Stock Down 1.0 %

Shares of Coterra Energy stock traded down $0.27 on Tuesday, reaching $28.08. The stock had a trading volume of 6,189,873 shares, compared to its average volume of 6,785,378. The company has a quick ratio of 1.18, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $21.11 billion, a P/E ratio of 16.23 and a beta of 0.22. The company has a 50 day moving average price of $27.35 and a 200 day moving average price of $26.35. Coterra Energy Inc. has a 1 year low of $22.91 and a 1 year high of $29.89.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.82 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is presently 48.55%.

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.