J.W. Cole Advisors Inc. Raises Stake in Coterra Energy Inc. (NYSE:CTRA)

J.W. Cole Advisors Inc. raised its position in Coterra Energy Inc. (NYSE:CTRA) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,501 shares of the company’s stock after acquiring an additional 1,707 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Coterra Energy were worth $421,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Beacon Investment Advisors LLC lifted its position in shares of Coterra Energy by 0.7% during the 3rd quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock worth $1,689,000 after buying an additional 422 shares during the last quarter. Stone House Investment Management LLC increased its holdings in shares of Coterra Energy by 32.4% in the 4th 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 period. SouthState Corp increased its holdings in shares of Coterra Energy by 75.4% in the 3rd 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 period. Trust Co. of Vermont increased its holdings in shares of Coterra Energy by 1.9% in the 3rd quarter. Trust Co. of Vermont now owns 26,314 shares of the company’s stock valued at $712,000 after acquiring an additional 503 shares during the period. Finally, Miller Howard Investments Inc. NY increased its holdings in shares of Coterra Energy by 0.9% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 58,913 shares of the company’s stock valued at $1,594,000 after acquiring an additional 523 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

Coterra Energy stock opened at $28.14 on Wednesday. The firm has a market capitalization of $21.15 billion, a PE ratio of 13.15 and a beta of 0.21. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $26.41. Coterra Energy Inc. has a 52 week low of $22.91 and a 52 week high of $29.89.

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

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.21 per share. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, March 13th. Coterra Energy’s dividend payout ratio is presently 39.25%.

Insider Transactions at Coterra Energy

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTRA. Mizuho reaffirmed a “buy” rating and issued a $34.00 target price on shares of Coterra Energy in a report on Wednesday, April 3rd. Truist Financial cut their target price on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Piper Sandler lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, April 19th. UBS Group boosted their price objective on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Barclays initiated coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.47.

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.