Teachers Retirement System of The State of Kentucky Has $1.36 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Teachers Retirement System of The State of Kentucky decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,622 shares of the company’s stock after selling 4,213 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Coterra Energy were worth $1,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CTRA. Larson Financial Group LLC raised its position in shares of Coterra Energy by 98.0% in the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after buying an additional 535 shares in the last quarter. Values First Advisors Inc. acquired a new position in Coterra Energy in the 3rd quarter valued at $57,000. Tobam bought a new stake in shares of Coterra Energy during the 3rd quarter valued at $63,000. Capital Performance Advisors LLP acquired a new stake in shares of Coterra Energy during the 3rd quarter worth $67,000. Finally, Family Firm Inc. bought a new position in shares of Coterra Energy in the second quarter worth $68,000. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTRA shares. Barclays upped their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Roth Capital upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Stephens raised their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two investment 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, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.53.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the business’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 transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $24.52 on Wednesday. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.64 and a beta of 0.27. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $28.90. The company’s fifty day moving average is $25.00 and its 200 day moving average is $25.19. 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 released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Coterra Energy Inc. will post 1.53 EPS for the current year.

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s dividend payout ratio is presently 50.60%.

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.