Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 54.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,854 shares of the company’s stock after acquiring an additional 8,099 shares during the period. Federated Hermes Inc.’s holdings in Coterra Energy were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CTRA. SouthState Corp lifted its holdings in Coterra Energy by 75.4% in the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after acquiring an additional 454 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Coterra Energy in the 4th quarter valued at $33,000. VisionPoint Advisory Group LLC grew its holdings in shares of Coterra Energy by 133.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after purchasing an additional 740 shares during the period. Stone House Investment Management LLC increased its position in shares of Coterra Energy by 32.4% during the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock worth $46,000 after purchasing an additional 438 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Coterra Energy in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CTRA. UBS Group increased their target price 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. Susquehanna increased their price objective on shares of Coterra Energy from $30.00 to $32.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Mizuho boosted their target price on Coterra Energy from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler raised their price target on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Barclays assumed coverage on Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Insiders Place Their Bets

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

Coterra Energy Stock Up 3.8 %

CTRA opened at $28.19 on Friday. The stock has a market capitalization of $21.19 billion, a P/E ratio of 13.17 and a beta of 0.22. 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 business’s 50-day simple moving average is $27.30 and its 200-day simple moving average is $26.40.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. Analysts anticipate that Coterra Energy Inc. will post 1.82 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 15th. Coterra Energy’s dividend payout ratio is currently 39.25%.

Coterra Energy 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.