Coterra Energy Inc. (NYSE:CTRA) SVP Adam M. Vela Sells 16,435 Shares

Coterra Energy Inc. (NYSE:CTRA) SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $27.63 on Friday. The firm has a fifty day moving average of $24.26 and a two-hundred day moving average of $25.46. The stock has a market capitalization of $20.35 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.78 and a beta of 0.22. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $28.90. 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 (NYSE:CTRA) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) 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 analyst estimates of $1.28 billion. During the same period last year, the firm earned $0.47 EPS. Coterra Energy’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Coterra Energy Inc. will post 1.53 EPS for the current year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is 50.60%.

Analysts Set New Price Targets

CTRA has been the topic of a number of recent research reports. Stephens lifted their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Scotiabank reduced their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho boosted their target price on Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Capital raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.41.

Hedge Funds Weigh In On Coterra Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp grew its holdings in shares of Coterra Energy by 2.1% in the 3rd quarter. M&T Bank Corp now owns 311,092 shares of the company’s stock valued at $7,451,000 after buying an additional 6,321 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Coterra Energy by 8.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 96,415 shares of the company’s stock valued at $2,311,000 after buying an additional 7,884 shares during the period. Geode Capital Management LLC grew its holdings in shares of Coterra Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company’s stock valued at $453,628,000 after buying an additional 128,397 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Coterra Energy by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company’s stock worth $128,085,000 after purchasing an additional 284,106 shares during the period. Finally, Barclays PLC boosted its stake in Coterra Energy by 3.1% in the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after purchasing an additional 64,753 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

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.