Yaupon Capital Management LP Acquires 855,426 Shares of Coterra Energy Inc. (NYSE:CTRA)

Yaupon Capital Management LP raised its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 191.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,302,139 shares of the company's stock after buying an additional 855,426 shares during the period. Coterra Energy accounts for about 1.4% of Yaupon Capital Management LP's portfolio, making the stock its 16th largest holding. Yaupon Capital Management LP owned about 0.18% of Coterra Energy worth $33,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. City State Bank acquired a new position in Coterra Energy during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after acquiring an additional 744 shares during the last quarter. MCF Advisors LLC raised its stake in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new position in shares of Coterra Energy in the fourth quarter valued at about $32,000. Finally, Plato Investment Management Ltd bought a new position in Coterra Energy in the 4th quarter valued at about $43,000. 87.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group increased their price target on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. UBS Group lowered their price objective on Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Piper Sandler upped their target price on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Finally, Morgan Stanley set a $28.00 price target on Coterra Energy in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.

Coterra Energy Price Performance

Shares of NYSE:CTRA traded down $0.09 during trading on Friday, hitting $25.37. 3,411,100 shares of the company were exchanged, compared to its average volume of 6,199,965. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a market capitalization of $19.39 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. 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 business's 50 day moving average is $26.90 and its 200-day moving average is $26.33.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio is presently 58.28%.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

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.