Coterra Energy Inc. (NYSE:CTRA) SVP Kevin William Smith Sells 29,643 Shares

Coterra Energy Inc. (NYSE:CTRA) SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Coterra Energy Stock Performance

NYSE:CTRA traded up $0.07 during mid-day trading on Tuesday, reaching $26.16. 4,326,131 shares of the stock were exchanged, compared to its average volume of 5,751,681. The stock has a market capitalization of $19.27 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.70 and a beta of 0.27. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The company has a 50 day simple moving average of $24.75 and a 200-day simple moving average of $25.35. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last announced 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Coterra Energy’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Analysts anticipate that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. Coterra Energy’s dividend payout ratio is presently 50.60%.

Institutional Trading of Coterra Energy

A number of hedge funds have recently bought and sold shares of CTRA. Cetera Investment Advisers increased its position in shares of Coterra Energy by 283.4% in the first quarter. Cetera Investment Advisers now owns 209,095 shares of the company’s stock worth $5,830,000 after acquiring an additional 154,551 shares in the last quarter. Cetera Advisors LLC lifted its position in Coterra Energy by 88.0% during the 1st quarter. Cetera Advisors LLC now owns 58,676 shares of the company’s stock worth $1,636,000 after acquiring an additional 27,463 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock worth $64,000 after acquiring an additional 557 shares during the period. GAMMA Investing LLC grew its position in Coterra Energy by 61.3% in the second quarter. GAMMA Investing LLC now owns 11,041 shares of the company’s stock valued at $294,000 after acquiring an additional 4,195 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Coterra Energy by 0.9% during the second quarter. DNB Asset Management AS now owns 139,764 shares of the company’s stock valued at $3,728,000 after purchasing an additional 1,295 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Roth Mkm raised Coterra Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $29.00 in a report on Tuesday, August 27th. Wells Fargo & Company increased their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. cut their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Scotiabank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Piper Sandler upped their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.