MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 21,365 Shares of Coterra Energy Inc. (NYSE:CTRA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 595,273 shares of the company’s stock after buying an additional 21,365 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Coterra Energy were worth $15,203,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTRA. AdvisorNet Financial Inc lifted its position in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC grew its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after buying an additional 869 shares during the period. R Squared Ltd bought a new position in shares of Coterra Energy in the fourth quarter worth approximately $32,000. Plato Investment Management Ltd purchased a new position in shares of Coterra Energy in the fourth quarter worth $43,000. Finally, Deseret Mutual Benefit Administrators raised its stake in Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock valued at $44,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Activity

In other news, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This represents a 21.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the sale, the senior vice president now directly owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CTRA shares. Wells Fargo & Company increased their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research report on Wednesday, March 5th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Finally, Mizuho lowered their target price on shares of Coterra Energy from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $33.50.

Coterra Energy Price Performance

CTRA stock opened at $24.70 on Friday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. 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 business has a 50 day simple moving average of $26.18 and a 200-day simple moving average of $26.37. The company has a market capitalization of $18.85 billion, a P/E ratio of 14.88, a PEG ratio of 0.59 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.56%. Coterra Energy’s dividend payout ratio (DPR) is presently 51.16%.

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.