1,300 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,300 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also added to or reduced their stakes in CTRA. Van ECK Associates Corp increased its position in Coterra Energy by 2.1% in the third quarter. Van ECK Associates Corp now owns 113,399 shares of the company’s stock worth $3,068,000 after purchasing an additional 2,376 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coterra Energy in the 3rd quarter worth about $1,461,000. Nordea Investment Management AB raised its position in shares of Coterra Energy by 3.9% during the 3rd quarter. Nordea Investment Management AB now owns 803,979 shares of the company’s stock valued at $21,844,000 after buying an additional 30,237 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Coterra Energy by 5.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 13,443 shares of the company’s stock valued at $343,000 after buying an additional 679 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Coterra Energy by 9.8% in the 3rd quarter. Royal Bank of Canada now owns 3,336,830 shares of the company’s stock valued at $90,261,000 after acquiring an additional 296,676 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank boosted their price objective on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their target price on Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Bank of America upgraded Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, January 5th. UBS Group lifted their price objective on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Stephens reiterated an “overweight” rating and set a $39.00 price objective on shares of Coterra Energy in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

Coterra Energy Stock Performance

Shares of NYSE:CTRA opened at $27.75 on Monday. The firm’s 50 day simple moving average is $26.71 and its 200-day simple moving average is $26.38. 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 one year low of $22.91 and a one year high of $29.89. The firm has a market cap of $20.86 billion, a PE ratio of 12.97 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last announced 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). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. As a group, equities analysts predict that Coterra Energy Inc. will post 1.93 EPS for the current year.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.21 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.03%. Coterra Energy’s dividend payout ratio is presently 39.25%.

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.