Stephen P. Bell Sells 36,327 Shares of Coterra Energy Inc. (NYSE:CTRA) Stock

Coterra Energy Inc. (NYSE:CTRAGet Rating) EVP Stephen P. Bell sold 36,327 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the transaction, the executive vice president now directly owns 351,436 shares of the company’s stock, valued at $12,444,348.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE CTRA traded down $0.33 during midday trading on Wednesday, reaching $35.78. The stock had a trading volume of 7,777,492 shares, compared to its average volume of 10,091,636. The stock has a 50-day moving average of $30.62 and a 200-day moving average of $25.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.54 and a current ratio of 1.57. The company has a market capitalization of $28.83 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 0.16 and a beta of -0.22. Coterra Energy Inc. has a 12-month low of $14.28 and a 12-month high of $36.55.

Coterra Energy (NYSE:CTRAGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.18. Coterra Energy had a net margin of 35.13% and a return on equity of 24.79%. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, analysts forecast that Coterra Energy Inc. will post 4.1 EPS for the current fiscal year.

The business also recently announced a None dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 13th were given a dividend of $0.60 per share. This is a positive change from Coterra Energy’s previous None dividend of $0.50. The ex-dividend date was Thursday, May 12th. This represents a dividend yield of 1.8%. Coterra Energy’s dividend payout ratio is currently 27.91%.

Several large investors have recently modified their holdings of CTRA. Vanguard Group Inc. bought a new position in shares of Coterra Energy during the first quarter worth $2,472,575,000. Capital World Investors bought a new position in Coterra Energy during the first quarter valued at $2,268,599,000. BlackRock Inc. bought a new position in Coterra Energy during the first quarter valued at $1,802,238,000. State Street Corp bought a new position in Coterra Energy during the first quarter valued at $1,493,855,000. Finally, Wellington Management Group LLP bought a new position in Coterra Energy during the first quarter valued at $1,000,797,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

CTRA has been the subject of several research reports. Raymond James boosted their price objective on shares of Coterra Energy from $31.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, April 25th. Mizuho upped their target price on shares of Coterra Energy from $38.00 to $44.00 and gave the company a “buy” rating in a report on Friday, April 8th. Citigroup upped their target price on shares of Coterra Energy from $32.00 to $40.00 and gave the company a “buy” rating in a report on Monday. Susquehanna cut shares of Coterra Energy from a “positive” rating to a “neutral” rating and upped their target price for the company from $26.00 to $32.00 in a report on Monday, April 25th. Finally, Wells Fargo & Company upped their target price on shares of Coterra Energy from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.93.

About Coterra Energy (Get Rating)

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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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