19,000 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Coterra Energy Inc. (NYSE:CTRAGet Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,000 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in Coterra Energy by 10.2% in the 1st quarter. Park Avenue Securities LLC now owns 38,432 shares of the company’s stock worth $1,037,000 after buying an additional 3,561 shares during the last quarter. TriaGen Wealth Management LLC acquired a new stake in Coterra Energy in the 1st quarter worth about $356,000. Navellier & Associates Inc. acquired a new stake in Coterra Energy in the 1st quarter worth about $1,447,000. Daiwa Securities Group Inc. purchased a new position in Coterra Energy in the 1st quarter worth approximately $1,281,000. Finally, Nisa Investment Advisors LLC purchased a new position in Coterra Energy in the 1st quarter worth approximately $7,962,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 4.5 %

Shares of NYSE CTRA opened at $27.39 on Friday. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.12 and a beta of 0.07. The company has a quick ratio of 1.54, a current ratio of 1.57 and a debt-to-equity ratio of 0.26. Coterra Energy Inc. has a 52-week low of $14.28 and a 52-week high of $36.55. The business’s 50 day moving average is $29.43 and its two-hundred day moving average is $27.43.

Coterra Energy (NYSE:CTRAGet Rating) last announced its earnings results on Tuesday, August 2nd. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Coterra Energy had a return on equity of 31.42% and a net margin of 41.04%. During the same period last year, the business earned $0.25 EPS. Research analysts predict that Coterra Energy Inc. will post 4.6 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Monday, August 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. Coterra Energy’s dividend payout ratio (DPR) is 16.67%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Coterra Energy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, July 11th. Piper Sandler decreased their target price on shares of Coterra Energy from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, July 22nd. Susquehanna lowered shares of Coterra Energy from a “positive” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $32.00 in a research note on Monday, April 25th. Susquehanna Bancshares lowered shares of Coterra Energy from a “positive” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $32.00 in a research note on Monday, April 25th. Finally, Credit Suisse Group raised their target price on shares of Coterra Energy from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, June 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.07.

Insiders Place Their Bets

In other Coterra Energy news, EVP Stephen P. Bell sold 36,327 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $35.41, for a total value of $1,286,339.07. Following the completion of the transaction, the executive vice president now owns 351,436 shares in the company, valued at $12,444,348.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Francis Brian Barron sold 50,000 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $31.83, for a total transaction of $1,591,500.00. Following the completion of the transaction, the senior vice president now owns 291,212 shares in the company, valued at $9,269,277.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen P. Bell sold 36,327 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the transaction, the executive vice president now owns 351,436 shares of the company’s stock, valued at approximately $12,444,348.76. The disclosure for this sale can be found here. Insiders sold a total of 96,327 shares of company stock worth $3,213,039 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Coterra Energy Profile

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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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

Further Reading

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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