Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by DRW Securities LLC

DRW Securities LLC lifted its position in Coterra Energy Inc. (NYSE:CTRA) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,139 shares of the company’s stock after purchasing an additional 10,255 shares during the quarter. DRW Securities LLC’s holdings in Coterra Energy were worth $2,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTRA. Fortitude Family Office LLC lifted its stake in Coterra Energy by 154.9% during the 2nd quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after acquiring an additional 567 shares during the period. Larson Financial Group LLC boosted its holdings in Coterra Energy by 98.0% in the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after purchasing an additional 535 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Coterra Energy by 31.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after purchasing an additional 557 shares during the last quarter. Values First Advisors Inc. acquired a new stake in Coterra Energy during the 3rd quarter worth about $57,000. Finally, Family Firm Inc. purchased a new position in shares of Coterra Energy during the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.7 %

CTRA stock opened at $27.63 on Monday. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.80 and a beta of 0.22. The firm has a 50-day moving average of $24.36 and a two-hundred day moving average of $25.41. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $28.90. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. As a group, analysts forecast that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, November 14th. Coterra Energy’s payout ratio is 50.60%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank lowered their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho increased their price target on shares of Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stephens lifted their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler lifted their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $32.41.

Insider Activity at Coterra Energy

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

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.