Everpar Advisors LLC Makes New $852,000 Investment in Coterra Energy Inc. (NYSE:CTRA)

Everpar Advisors LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 33,400 shares of the company’s stock, valued at approximately $852,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp grew its position in shares of Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after acquiring an additional 454 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Coterra Energy in the 4th quarter valued at about $33,000. Tennessee Valley Asset Management Partners purchased a new position in Coterra Energy in the 4th quarter valued at about $33,000. VisionPoint Advisory Group LLC lifted its stake in Coterra Energy by 133.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock valued at $35,000 after buying an additional 740 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in Coterra Energy by 397.7% in the 4th quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock valued at $44,000 after buying an additional 1,392 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Raymond James raised their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Mizuho raised their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna raised their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Morgan Stanley raised their target price on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.73.

Insider Activity at Coterra Energy

In related 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 value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were 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 in the company, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael D. Deshazer sold 14,000 shares of the business’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 completion of 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. 1.70% of the stock is owned by insiders.

Coterra Energy Trading Down 1.0 %

Shares of CTRA stock traded down $0.27 during trading on Tuesday, hitting $28.08. 6,189,873 shares of the stock traded hands, compared to its average volume of 6,785,378. The firm 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 debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 1.18. The firm’s fifty day moving average price is $27.39 and its 200-day moving average price is $26.34. Coterra Energy Inc. has a 52-week low of $22.91 and a 52-week high of $29.89.

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

Coterra Energy Dividend Announcement

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

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.