American National Bank & Trust Acquires 14,413 Shares of Coterra Energy Inc. (NYSE:CTRA)

American National Bank & Trust lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 61.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,833 shares of the company’s stock after purchasing an additional 14,413 shares during the quarter. American National Bank & Trust’s holdings in Coterra Energy were worth $1,093,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its position in Coterra Energy by 20.0% during the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock valued at $55,000 after purchasing an additional 356 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Coterra Energy by 1.8% during the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after buying an additional 389 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Coterra Energy by 45.2% during the 1st quarter. Investors Research Corp now owns 1,311 shares of the company’s stock worth $38,000 after acquiring an additional 408 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Coterra Energy by 5.8% during the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after acquiring an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in Coterra Energy by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock worth $2,543,000 after acquiring an additional 421 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Down 1.6%

Shares of NYSE CTRA opened at $24.33 on Friday. The firm’s fifty day moving average is $25.37 and its 200 day moving average is $26.42. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million during the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Coterra Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts expect that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 51.16%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CTRA shares. Mizuho lowered their price target on Coterra Energy from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Susquehanna decreased their price objective on Coterra Energy from $34.00 to $32.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Pickering Energy Partners downgraded Coterra Energy from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company increased their price target on shares of Coterra Energy from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Insider Transactions at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. The trade was a 19.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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.