Mount Yale Investment Advisors LLC Invests $1.27 Million in Coterra Energy Inc. (NYSE:CTRA)

Mount Yale Investment Advisors LLC purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,837 shares of the company's stock, valued at approximately $1,273,000.

A number of other hedge funds also recently made changes to their positions in CTRA. The Manufacturers Life Insurance Company grew its holdings in Coterra Energy by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 725,344 shares of the company's stock worth $19,345,000 after acquiring an additional 2,283 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Coterra Energy by 1.4% in the 2nd quarter. Mackenzie Financial Corp now owns 133,846 shares of the company's stock worth $3,570,000 after purchasing an additional 1,788 shares in the last quarter. Algert Global LLC lifted its holdings in Coterra Energy by 16.3% in the second quarter. Algert Global LLC now owns 14,625 shares of the company's stock worth $390,000 after buying an additional 2,055 shares during the period. Creative Planning grew its holdings in shares of Coterra Energy by 6.7% during the 2nd quarter. Creative Planning now owns 62,356 shares of the company's stock worth $1,663,000 after acquiring an additional 3,926 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Coterra Energy by 198.8% in the 2nd quarter. NewEdge Advisors LLC now owns 82,825 shares of the company's stock valued at $2,209,000 after purchasing an additional 55,109 shares during the period. 87.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Coterra Energy

In related news, SVP Adam M. Vela sold 16,435 shares of the company'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 owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the firm's 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 transaction, the senior vice president now directly owns 77,075 shares of the company's stock, valued at $2,016,282. The trade was 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.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTRA. Truist Financial raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Susquehanna upped their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. UBS Group raised their price target on Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley raised their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Finally, Mizuho raised their target price on Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.18.

Coterra Energy Trading Up 0.3 %

Shares of CTRA stock traded up $0.07 during trading hours on Tuesday, hitting $27.90. The company had a trading volume of 4,157,856 shares, compared to its average volume of 7,128,939. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The company's fifty day moving average is $26.49 and its 200 day moving average is $25.11. The stock has a market capitalization of $20.55 billion, a PE ratio of 16.81, a price-to-earnings-growth 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.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $0.47 earnings per share. Coterra Energy's revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy's dividend payout ratio is presently 50.60%.

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.