Park Avenue Securities LLC boosted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 94.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,863 shares of the company's stock after acquiring an additional 24,710 shares during the period. Park Avenue Securities LLC's holdings in Coterra Energy were worth $1,299,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Accurate Wealth Management LLC boosted its holdings in shares of Coterra Energy by 14.6% in the fourth quarter. Accurate Wealth Management LLC now owns 39,395 shares of the company's stock worth $1,094,000 after buying an additional 5,011 shares during the period. 180 Wealth Advisors LLC raised its stake in Coterra Energy by 8.8% during the 4th 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 last quarter. AdvisorNet Financial Inc increased its stake in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after acquiring an additional 744 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Coterra Energy in the fourth quarter valued at $209,000. Finally, Kwmg LLC lifted its holdings in shares of Coterra Energy by 3.4% during the 4th quarter. Kwmg LLC now owns 209,907 shares of the company's stock worth $5,361,000 after acquiring an additional 6,932 shares during the period. Institutional investors own 87.92% of the company's stock.
Insider Buying and Selling
In related news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction 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. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This represents 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 Price Performance
Shares of NYSE CTRA traded down $0.32 during midday trading on Monday, hitting $29.51. 9,047,906 shares of the company's stock were exchanged, compared to its average volume of 5,264,813. The business's fifty day moving average price is $26.05 and its two-hundred day moving average price is $25.00. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.98 and a beta of 0.27. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.
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 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 the consensus estimate of $1.28 billion. During the same period last year, the firm earned $0.47 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.
Coterra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 2.85%. Coterra Energy's payout ratio is 50.60%.
Wall Street Analyst Weigh In
A number of research firms recently commented on CTRA. Citigroup increased their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Scotiabank lowered their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Truist Financial increased their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Morgan Stanley upped their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Finally, UBS Group raised their price objective on Coterra Energy from $31.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 15th. Two 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.76.
Get Our Latest Research Report on CTRA
About Coterra Energy
(
Free Report)
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.
See Also
Before you consider Coterra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coterra Energy wasn't on the list.
While Coterra Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
