Xponance Inc. Sells 1,817 Shares of Coterra Energy Inc. (NYSE:CTRA)

Xponance Inc. cut its holdings in Coterra Energy Inc. (NYSE:CTRA) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,318 shares of the company’s stock after selling 1,817 shares during the quarter. Xponance Inc.’s holdings in Coterra Energy were worth $2,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SouthState Corp boosted its stake in Coterra Energy by 75.4% in the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after acquiring an additional 454 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Coterra Energy in the fourth quarter valued at approximately $33,000. VisionPoint Advisory Group LLC boosted its stake in Coterra Energy by 133.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock valued at $35,000 after acquiring an additional 740 shares during the last quarter. Stone House Investment Management LLC boosted its stake in Coterra Energy by 32.4% in the fourth quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after acquiring an additional 438 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Coterra Energy in the third quarter valued at approximately $49,000. 87.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CTRA has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Coterra Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price target on the stock. Piper Sandler lifted their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial reduced their price target on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus reduced their price target on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Stephens reissued an “overweight” rating and set a $39.00 price target on shares of Coterra Energy in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.47.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the sale, the vice president now directly owns 93,988 shares in the company, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly owns 93,988 shares in the company, valued at approximately $2,449,327.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at $4,783,071.48. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Coterra Energy Stock Up 0.7 %

Shares of CTRA stock opened at $27.95 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. Coterra Energy Inc. has a 1 year low of $22.91 and a 1 year high of $29.89. The firm’s fifty day moving average price is $26.78 and its two-hundred day moving average price is $26.40. The firm has a market capitalization of $21.01 billion, a P/E ratio of 13.06 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities analysts predict that Coterra Energy Inc. will post 1.93 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.21 dividend. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, March 13th. Coterra Energy’s payout ratio is presently 39.25%.

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.