JT Stratford LLC Has $1.18 Million Position in Coterra Energy Inc. (NYSE:CTRA)

JT Stratford LLC lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,176 shares of the company’s stock after selling 4,005 shares during the period. JT Stratford LLC’s holdings in Coterra Energy were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CSS LLC IL increased its stake in shares of Coterra Energy by 29.4% during the 4th quarter. CSS LLC IL now owns 40,013 shares of the company’s stock worth $1,022,000 after purchasing an additional 9,095 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coterra Energy by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,886,589 shares of the company’s stock worth $73,723,000 after buying an additional 79,349 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of Coterra Energy by 110.7% during the 4th quarter. USS Investment Management Ltd now owns 244,318 shares of the company’s stock worth $6,241,000 after acquiring an additional 128,344 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of Coterra Energy by 18.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 965,618 shares of the company’s stock valued at $24,662,000 after acquiring an additional 148,863 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in shares of Coterra Energy by 3.3% in the 4th quarter. Waverly Advisors LLC now owns 143,626 shares of the company’s stock valued at $3,668,000 after acquiring an additional 4,589 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the topic of several analyst reports. Morgan Stanley set a $28.00 price target on Coterra Energy in a report on Tuesday, April 15th. Jefferies Financial Group lifted their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Susquehanna decreased their price target on shares of Coterra Energy from $34.00 to $32.00 and set a “positive” rating for the company in a report on Tuesday, April 22nd. Williams Trading set a $37.00 price objective on Coterra Energy in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Insider Activity at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Coterra Energy Price Performance

Shares of CTRA opened at $24.50 on Thursday. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.59 and a beta of 0.33. The company’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $26.40. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. The firm had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. Coterra Energy’s dividend payout ratio is 51.16%.

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.