10,471 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Wedmont Private Capital

Wedmont Private Capital purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,471 shares of the company's stock, valued at approximately $291,000.

A number of other large investors have also recently modified their holdings of CTRA. Wellington Management Group LLP raised its position in Coterra Energy by 28.4% during the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock valued at $1,705,480,000 after purchasing an additional 15,736,247 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Coterra Energy by 187.2% in the third quarter. Holocene Advisors LP now owns 4,533,269 shares of the company's stock valued at $108,572,000 after acquiring an additional 2,954,675 shares in the last quarter. Bank of Montreal Can lifted its stake in Coterra Energy by 160.1% in the second quarter. Bank of Montreal Can now owns 2,898,876 shares of the company's stock worth $80,154,000 after acquiring an additional 1,784,192 shares during the period. Weiss Asset Management LP bought a new position in Coterra Energy during the 3rd quarter worth about $28,380,000. Finally, Marshall Wace LLP increased its position in Coterra Energy by 5,325.5% during the 2nd quarter. Marshall Wace LLP now owns 1,148,569 shares of the company's stock valued at $30,632,000 after purchasing an additional 1,127,399 shares during the period. Hedge funds and other institutional investors own 87.92% of the company's stock.

Wall Street Analyst Weigh In

CTRA has been the subject of several research reports. Morgan Stanley upped their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. UBS Group increased their target price on Coterra Energy from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Piper Sandler reduced their price target on Coterra Energy from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Stephens raised their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $32.76.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy 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 completion of the transaction, the senior vice president now directly owns 72,409 shares of the company's stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $775,460.88. Following the sale, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This trade 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 currently owned by insiders.

Coterra Energy Stock Performance

CTRA traded down $0.32 on Friday, reaching $29.51. 9,036,053 shares of the stock were exchanged, compared to its average volume of 7,286,728. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company's 50-day moving average price is $25.95 and its 200 day moving average price is $25.01. The firm has a market capitalization of $21.74 billion, a PE ratio of 17.78, a PEG ratio of 0.98 and a beta of 0.27. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the company earned $0.47 EPS. Coterra Energy's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. Coterra Energy's dividend payout ratio (DPR) 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.