Sanctuary Advisors LLC Has $3.51 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Sanctuary Advisors LLC raised its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 21.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,581 shares of the company's stock after purchasing an additional 25,706 shares during the period. Sanctuary Advisors LLC's holdings in Coterra Energy were worth $3,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in Coterra Energy by 6.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,058 shares of the company's stock worth $1,015,000 after purchasing an additional 2,307 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Coterra Energy by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 35,031 shares of the company's stock valued at $934,000 after purchasing an additional 4,103 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Coterra Energy by 4.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 13,969 shares of the company's stock worth $373,000 after buying an additional 555 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Coterra Energy by 190.6% in the 2nd quarter. Blue Trust Inc. now owns 3,295 shares of the company's stock worth $92,000 after buying an additional 2,161 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Coterra Energy by 5.0% during the 2nd quarter. Raymond James & Associates now owns 1,187,663 shares of the company's stock worth $31,675,000 after buying an additional 56,748 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CTRA shares. Scotiabank dropped their price objective on 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. Mizuho increased their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday. Piper Sandler cut their price target on shares of Coterra Energy from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Tuesday. Truist Financial upped their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Morgan Stanley lifted their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.53.

Insider Buying and Selling

In other news, SVP Adam M. Vela sold 16,435 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were 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 $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the firm's 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 of the company's stock, 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 owned by company insiders.

Coterra Energy Trading Down 0.8 %

CTRA stock traded down $0.21 during midday trading on Tuesday, reaching $24.52. The stock had a trading volume of 6,322,525 shares, compared to its average volume of 6,205,771. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $28.90. The business has a fifty day simple moving average of $25.00 and a two-hundred day simple moving average of $25.19. 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 firm has a market cap of $18.06 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.64 and a beta of 0.27.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. As a group, research analysts expect that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 3.43%. The ex-dividend date was Thursday, November 14th. Coterra Energy's dividend payout ratio (DPR) is presently 50.60%.

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.