Stone House Investment Management LLC Has $46,000 Position in Coterra Energy Inc. (NYSE:CTRA)

Stone House Investment Management LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 32.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,791 shares of the company’s stock after acquiring an additional 438 shares during the period. Stone House Investment Management LLC’s holdings in Coterra Energy were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Beacon Investment Advisors LLC increased its stake in Coterra Energy by 0.7% during the 3rd quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock worth $1,689,000 after acquiring an additional 422 shares during the period. SouthState Corp increased its stake in Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after acquiring an additional 454 shares during the period. Echo Street Capital Management LLC increased its stake in Coterra Energy by 5.5% during the 4th quarter. Echo Street Capital Management LLC now owns 9,084 shares of the company’s stock worth $223,000 after acquiring an additional 477 shares during the period. Hoxton Planning & Management LLC increased its stake in Coterra Energy by 3.9% during the 1st quarter. Hoxton Planning & Management LLC now owns 13,238 shares of the company’s stock worth $325,000 after acquiring an additional 500 shares during the period. Finally, Trust Co. of Vermont increased its stake in Coterra Energy by 1.9% during the 3rd quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock worth $712,000 after acquiring an additional 503 shares during the period. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

CTRA has been the topic of a number of recent research reports. Truist Financial lowered their price objective on Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Morgan Stanley lifted their price target on Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday. Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Coterra Energy in a research note on Wednesday, April 3rd. Scotiabank lifted their price target on Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus decreased their price target on Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.20.

Coterra Energy Trading Up 0.3 %

CTRA traded up $0.07 during midday trading on Wednesday, hitting $27.26. 4,098,428 shares of the company were exchanged, compared to its average volume of 6,921,837. The firm has a market capitalization of $20.50 billion, a P/E ratio of 12.80 and a beta of 0.21. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The firm’s 50 day moving average price is $26.47 and its 200-day moving average price is $26.36. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12.

Coterra Energy (NYSE:CTRA) last announced its 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). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates 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 analysts forecast that Coterra Energy Inc. will post 1.92 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.08%. Coterra Energy’s payout ratio is presently 39.25%.

Insiders Place Their Bets

In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Michael D. Deshazer sold 14,000 shares of the business’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 transaction, the vice president now directly owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction dated 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 directly owns 176,758 shares in the company, valued at $4,783,071.48. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

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.