Vontobel Holding Ltd. Sells 4,190 Shares of Coterra Energy Inc. (NYSE:CTRA)

Vontobel Holding Ltd. decreased its position in Coterra Energy Inc. (NYSE:CTRA) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,270 shares of the company’s stock after selling 4,190 shares during the period. Vontobel Holding Ltd.’s holdings in Coterra Energy were worth $772,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Coterra Energy in the first quarter worth $2,472,575,000. State Street Corp bought a new stake in Coterra Energy during the 1st quarter worth 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 buying an additional 1,000,620 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Coterra Energy by 1.5% during the 3rd 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 during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Coterra Energy by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company’s stock valued at $431,329,000 after acquiring an additional 544,768 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $27.75 on Monday. The business’s 50 day moving average is $26.71 and its 200-day moving average is $26.38. The firm has a market cap of $20.86 billion, a P/E ratio of 12.97 and a beta of 0.21. Coterra Energy Inc. has a 1-year low of $22.91 and a 1-year high of $29.89. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share 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 firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts predict that Coterra Energy Inc. will post 1.93 earnings per share for the current year.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.21 dividend. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. This represents a $0.84 annualized dividend and a yield of 3.03%. Coterra Energy’s payout ratio is 39.25%.

Insider Buying and Selling at Coterra Energy

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial reduced their price target on Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Mizuho restated a “buy” rating and set a $34.00 target price on shares of Coterra Energy in a report on Wednesday, April 3rd. Susquehanna raised shares of Coterra Energy from a “neutral” rating to a “positive” rating and dropped their price target for the stock from $31.00 to $30.00 in a research report on Friday, January 26th. Finally, Morgan Stanley lifted their price objective on shares of Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

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.