Yousif Capital Management LLC Reduces Holdings in Coterra Energy Inc. (NYSE:CTRA)

Yousif Capital Management LLC cut its stake in Coterra Energy Inc. (NYSE:CTRA) by 47.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,248 shares of the company’s stock after selling 84,878 shares during the period. Yousif Capital Management LLC’s holdings in Coterra Energy were worth $2,405,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Coterra Energy by 75.7% in the 3rd quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock valued at $67,000 after purchasing an additional 1,072 shares during the period. Asset Management One Co. Ltd. raised its stake in Coterra Energy by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 342,561 shares of the company’s stock valued at $9,266,000 after acquiring an additional 5,626 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Coterra Energy by 35.5% in the 3rd quarter. Brookstone Capital Management now owns 69,231 shares of the company’s stock valued at $2,049,000 after purchasing an additional 18,151 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Coterra Energy by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 218,119 shares of the company’s stock worth $5,900,000 after purchasing an additional 34,479 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its position in Coterra Energy by 35.0% in the 3rd quarter. Accurate Wealth Management LLC now owns 12,083 shares of the company’s stock valued at $355,000 after buying an additional 3,131 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.4 %

Shares of NYSE:CTRA opened at $28.39 on Tuesday. The company has a market capitalization of $21.34 billion, a P/E ratio of 13.27 and a beta of 0.21. The stock’s fifty day simple moving average is $27.17 and its 200-day simple moving average is $26.41. Coterra Energy Inc. has a 52-week low of $22.91 and a 52-week high of $29.89. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.82 earnings per share for the current fiscal year.

Coterra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.96%. Coterra Energy’s dividend payout ratio is 39.25%.

Insider Transactions at Coterra Energy

In related news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was 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 approximately $2,449,327.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was 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 of the company’s stock, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

CTRA has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of Coterra Energy from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Stephens reiterated an “overweight” rating and set a $39.00 target price on shares of Coterra Energy in a research report on Tuesday, January 23rd. Raymond James lifted their price target on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. increased their price objective on Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Scotiabank boosted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.47.

About Coterra Energy

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.