Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Czech National Bank

Czech National Bank boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 159,713 shares of the company's stock after purchasing an additional 9,115 shares during the period. Czech National Bank's holdings in Coterra Energy were worth $4,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTRA. Charles Schwab Investment Management Inc. raised its stake in shares of Coterra Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock worth $530,645,000 after purchasing an additional 305,626 shares during the last quarter. Hartford Funds Management Co LLC purchased a new position in Coterra Energy during the 3rd quarter worth approximately $575,000. Barclays PLC raised its position in Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company's stock worth $51,425,000 after buying an additional 64,753 shares during the last quarter. Range Financial Group LLC acquired a new stake in Coterra Energy during the 4th quarter valued at approximately $1,267,000. Finally, HITE Hedge Asset Management LLC boosted its holdings in shares of Coterra Energy by 406.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 707,729 shares of the company's stock valued at $16,950,000 after acquiring an additional 567,934 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Trading Up 2.5 %

Shares of CTRA traded up $0.73 during mid-day trading on Thursday, reaching $29.79. The stock had a trading volume of 8,307,114 shares, compared to its average volume of 7,314,621. The business's fifty day moving average is $25.95 and its 200 day moving average is $25.01. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 0.98 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. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.90.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, sell-side analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.82%. Coterra Energy's payout ratio is currently 50.60%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CTRA shares. UBS Group raised their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Mizuho boosted their price objective on Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Citigroup raised their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Truist Financial boosted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday. Finally, Stephens upped their price objective on Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.76.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value 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 represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Adam M. Vela sold 16,435 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % 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 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.