Coldstream Capital Management Inc. Increases Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Coldstream Capital Management Inc. boosted its stake in Coterra Energy Inc. (NYSE:CTRA) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,415 shares of the company’s stock after acquiring an additional 7,884 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Coterra Energy were worth $2,311,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after acquiring an additional 535 shares during the last quarter. Values First Advisors Inc. purchased a new stake in Coterra Energy during the 3rd quarter worth approximately $57,000. Family Firm Inc. acquired a new position in shares of Coterra Energy in the 2nd quarter valued at approximately $68,000. Tobam purchased a new position in shares of Coterra Energy during the 3rd quarter valued at approximately $63,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Coterra Energy during the third quarter worth approximately $67,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of the firm’s 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 transaction, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction that occurred on 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 owns 77,075 shares of the company’s stock, 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. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Stock Performance

CTRA stock opened at $24.82 on Wednesday. The stock’s fifty day moving average is $24.95 and its two-hundred day moving average is $25.25. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.62 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data 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). 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 the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts predict that Coterra Energy Inc. will post 1.53 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given 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 3.39%. Coterra Energy’s dividend payout ratio is presently 50.60%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CTRA shares. Truist Financial upped their price target on shares of Coterra Energy from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Mizuho boosted their target price on shares of Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.00 to $29.00 in a research report on Tuesday, August 27th. Piper Sandler boosted their price objective on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company increased their target price on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $32.47.

About Coterra Energy

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.