1834 Investment Advisors Co. Decreases Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

1834 Investment Advisors Co. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,930 shares of the company's stock after selling 33,049 shares during the period. Coterra Energy makes up about 1.0% of 1834 Investment Advisors Co.'s investment portfolio, making the stock its 26th largest position. 1834 Investment Advisors Co.'s holdings in Coterra Energy were worth $8,120,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTRA. AE Wealth Management LLC increased its position in Coterra Energy by 36.1% during the second quarter. AE Wealth Management LLC now owns 11,481 shares of the company's stock valued at $306,000 after acquiring an additional 3,046 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Coterra Energy by 48.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company's stock valued at $90,000 after acquiring an additional 1,128 shares during the last quarter. Public Sector Pension Investment Board increased its position in Coterra Energy by 3.6% during the second quarter. Public Sector Pension Investment Board now owns 129,480 shares of the company's stock valued at $3,453,000 after acquiring an additional 4,475 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Coterra Energy by 60.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 143,887 shares of the company's stock valued at $3,837,000 after acquiring an additional 54,356 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Coterra Energy by 7.2% during the second quarter. AQR Capital Management LLC now owns 2,844,737 shares of the company's stock valued at $75,869,000 after acquiring an additional 190,470 shares during the last quarter. Institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Down 0.6 %

Coterra Energy stock traded down $0.18 during trading hours on Friday, reaching $29.05. The stock had a trading volume of 4,629,218 shares, compared to its average volume of 5,787,151. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 0.65 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The business's 50 day moving average price is $26.43 and its 200-day moving average price is $25.10. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Sell-side analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. Coterra Energy's dividend payout ratio is presently 50.60%.

Insiders Place Their Bets

In other news, SVP Adam M. Vela sold 16,435 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CTRA. Susquehanna boosted their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Barclays boosted their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Raymond James boosted their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Scotiabank lowered their target price on shares of Coterra Energy from $35.00 to $32.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.18.

Coterra Energy 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.