Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 51.5% in the 4th quarter, HoldingsChannel reports. The firm owned 28,052 shares of the company’s stock after buying an additional 9,531 shares during the quarter. Ritholtz Wealth Management’s holdings in Coterra Energy were worth $716,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CTRA. Vanguard Group Inc. purchased a new stake in shares of Coterra Energy in the first quarter valued at $2,472,575,000. State Street Corp purchased a new position in Coterra Energy in the 1st quarter valued at about $1,493,855,000. Geode Capital Management LLC boosted its stake in shares of Coterra Energy by 5.7% during the 1st quarter. Geode Capital Management LLC now owns 18,494,265 shares of the company’s stock worth $454,088,000 after purchasing an additional 1,000,620 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Coterra Energy by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,080,590 shares of the company’s stock worth $434,980,000 after buying an additional 235,636 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Coterra Energy by 3.5% in the third quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company’s stock valued at $431,329,000 after buying an additional 544,768 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CTRA shares. Citigroup upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $30.00 in a research report on Monday, December 11th. Raymond James upped their target price on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna raised Coterra Energy from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $31.00 to $30.00 in a research note on Friday, January 26th. Piper Sandler upped their price objective on shares of Coterra Energy from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Finally, Mizuho decreased their target price on shares of Coterra Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $31.77.

Read Our Latest Report on Coterra Energy

Insider Activity

In related news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the transaction, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the transaction, the vice president now owns 93,988 shares in the company, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Stock Up 0.1 %

CTRA opened at $27.88 on Friday. The company has a market cap of $20.96 billion, a PE ratio of 13.03 and a beta of 0.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21. Coterra Energy Inc. has a 1 year low of $22.91 and a 1 year high of $29.89. The firm has a 50 day moving average price of $25.77 and a 200 day moving average price of $26.31.

Coterra Energy (NYSE:CTRAGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Sell-side analysts expect that Coterra Energy Inc. will post 1.98 earnings per share for the current year.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. Coterra Energy’s payout ratio is currently 39.25%.

Coterra Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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