MCF Advisors LLC Grows Position in Coterra Energy Inc. (NYSE:CTRA)

MCF Advisors LLC raised its position in Coterra Energy Inc. (NYSE:CTRA) by 230.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,246 shares of the company’s stock after buying an additional 869 shares during the quarter. MCF Advisors LLC’s holdings in Coterra Energy were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its stake in Coterra Energy by 7.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 37,485 shares of the company’s stock valued at $1,000,000 after buying an additional 2,536 shares during the period. AE Wealth Management LLC increased its stake in shares of Coterra Energy by 36.1% during the second quarter. AE Wealth Management LLC now owns 11,481 shares of the company’s stock worth $306,000 after acquiring an additional 3,046 shares during the period. ProShare Advisors LLC raised its holdings in Coterra Energy by 25.8% during the second quarter. ProShare Advisors LLC now owns 160,840 shares of the company’s stock worth $4,290,000 after purchasing an additional 32,993 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Coterra Energy by 48.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock valued at $90,000 after purchasing an additional 1,128 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Coterra Energy by 3.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 129,480 shares of the company’s stock worth $3,453,000 after purchasing an additional 4,475 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CTRA shares. Mizuho upped their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Susquehanna upped their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Barclays raised their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Truist Financial upped their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and an average target price of $32.76.

Coterra Energy Stock Up 0.1 %

Shares of NYSE:CTRA opened at $29.18 on Thursday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The stock’s 50-day moving average price is $26.28 and its two-hundred day moving average price is $25.07. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.71 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.47 earnings per share. Coterra Energy’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. Coterra Energy’s dividend payout ratio is presently 50.60%.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. 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.