Coterra Energy Inc. (NYSE:CTRA) SVP Sells $941,735.74 in Stock

Coterra Energy Inc. (NYSE:CTRA) SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Coterra Energy Stock Up 1.3 %

Shares of NYSE:CTRA traded up $0.36 during trading on Wednesday, hitting $27.24. The company’s stock had a trading volume of 5,876,967 shares, compared to its average volume of 6,469,274. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The business has a 50 day moving average price of $27.68 and a two-hundred day moving average price of $25.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The company has a market capitalization of $20.81 billion, a PE ratio of 16.41, a P/E/G ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.88 annualized dividend and a yield of 3.23%. Coterra Energy’s dividend payout ratio is 58.28%.

Analyst Ratings Changes

Several research firms have commented on CTRA. UBS Group increased their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded Coterra Energy from a “hold” rating to an “accumulate” rating and set a $37.00 price target for the company in a report on Wednesday. Jefferies Financial Group upped their price objective on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company raised their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.29.

Hedge Funds Weigh In On Coterra Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CTRA. City State Bank purchased a new stake in shares of Coterra Energy during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc lifted its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC grew its stake in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new position in Coterra Energy in the fourth quarter valued at $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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.