Duality Advisers LP Sells 2,693 Shares of Coterra Energy Inc. (NYSE:CTRA)

Duality Advisers LP lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 182,936 shares of the company’s stock after selling 2,693 shares during the period. Duality Advisers LP’s holdings in Coterra Energy were worth $4,669,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $25,000. SouthState Corp boosted its position 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 buying an additional 454 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Coterra Energy during the 4th quarter worth $33,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Coterra Energy during the fourth quarter worth about $33,000. Finally, VisionPoint Advisory Group LLC boosted its position in 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 buying an additional 740 shares during the period. 87.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTRA has been the topic of a number of analyst reports. UBS Group upped their price target on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Stephens restated an “overweight” rating and set a $39.00 price target on shares of Coterra Energy in a research note on Tuesday, January 23rd. Truist Financial lowered their price objective on Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Barclays assumed coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 target price for the company. Finally, Raymond James upped their target price on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

Coterra Energy Stock Performance

Shares of CTRA stock traded up $0.53 during trading on Friday, reaching $27.75. 7,173,792 shares of the company’s stock traded hands, compared to its average volume of 5,799,357. Coterra Energy Inc. has a 1 year low of $22.91 and a 1 year high of $29.89. The company has a market capitalization of $20.86 billion, a P/E ratio of 12.97 and a beta of 0.21. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $26.71 and its 200 day moving average is $26.38.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results 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 net margin of 27.48% and a return on equity of 12.97%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts expect that Coterra Energy Inc. will post 1.93 EPS for the current year.

Coterra Energy Increases Dividend

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

Insider Activity

In related news, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, 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 completion of the transaction, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Todd M. Roemer sold 55,000 shares of the firm’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 sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Company 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.