Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Burney Co.

Burney Co. reduced its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,225 shares of the company's stock after selling 9,406 shares during the period. Burney Co.'s holdings in Coterra Energy were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richard P Slaughter Associates Inc boosted its stake in Coterra Energy by 5.0% during the fourth quarter. Richard P Slaughter Associates Inc now owns 67,073 shares of the company's stock worth $1,713,000 after buying an additional 3,216 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Coterra Energy by 94.5% during the 4th quarter. Park Avenue Securities LLC now owns 50,863 shares of the company's stock worth $1,299,000 after acquiring an additional 24,710 shares during the period. Accurate Wealth Management LLC boosted its position in shares of Coterra Energy by 14.6% during the 4th quarter. Accurate Wealth Management LLC now owns 39,395 shares of the company's stock valued at $1,094,000 after acquiring an additional 5,011 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Coterra Energy by 8.8% in the fourth quarter. 180 Wealth Advisors LLC now owns 12,971 shares of the company's stock valued at $331,000 after purchasing an additional 1,046 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after purchasing an additional 744 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the firm's stock in a transaction that occurred on 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 directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction on Tuesday, December 3rd. The shares were 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 directly owns 77,075 shares in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Coterra Energy Stock Down 1.1 %

Coterra Energy stock traded down $0.32 during trading on Friday, reaching $29.51. The stock had a trading volume of 9,047,906 shares, compared to its average volume of 5,264,813. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The business has a 50 day moving average price of $26.05 and a 200 day moving average price of $25.02. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock has a market cap of $21.74 billion, a PE ratio of 17.78, a P/E/G ratio of 0.98 and a beta of 0.27.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 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 .2% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. On average, analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 2.85%. Coterra Energy's dividend payout ratio is currently 50.60%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTRA shares. Susquehanna boosted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Scotiabank decreased their price objective on Coterra Energy from $35.00 to $32.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company raised their target price on Coterra Energy from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Stephens upped their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Mizuho boosted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coterra Energy has an average rating of "Moderate Buy" and an average price target of $32.76.

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.