Coterra Energy Inc. (NYSE:CTRA) Holdings Raised by Sentry Investment Management LLC

Sentry Investment Management LLC grew its position in Coterra Energy Inc. (NYSE:CTRA) by 353.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,148 shares of the company’s stock after acquiring an additional 15,700 shares during the quarter. Sentry Investment Management LLC’s holdings in Coterra Energy were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CTRA. Quent Capital LLC raised its stake in shares of Coterra Energy by 7.4% in the 3rd quarter. Quent Capital LLC now owns 5,441 shares of the company’s stock worth $147,000 after buying an additional 375 shares in the last quarter. Beacon Investment Advisors LLC raised its position in shares of Coterra Energy by 0.7% during the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock worth $1,689,000 after purchasing an additional 422 shares during the period. SouthState Corp raised its position in shares of Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares during the period. Echo Street Capital Management LLC raised its position in shares of Coterra Energy by 5.5% during the fourth quarter. Echo Street Capital Management LLC now owns 9,084 shares of the company’s stock worth $223,000 after purchasing an additional 477 shares during the period. Finally, Hoxton Planning & Management LLC raised its position in shares of Coterra Energy by 3.9% during the first quarter. Hoxton Planning & Management LLC now owns 13,238 shares of the company’s stock worth $325,000 after purchasing an additional 500 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Scotiabank boosted their target price on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Mizuho reissued a “buy” rating and set a $34.00 price target on shares of Coterra Energy in a research report on Wednesday, April 3rd. Bank of America raised Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. upped their price target on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, 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. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Coterra Energy Stock Performance

CTRA opened at $27.12 on Tuesday. The company has a market cap of $20.39 billion, a PE ratio of 12.70 and a beta of 0.21. The stock has a 50-day moving average of $26.47 and a 200-day moving average of $26.36. Coterra Energy Inc. has a 52-week low of $22.91 and a 52-week high of $29.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21.

Coterra Energy (NYSE:CTRA) last announced its 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.95 earnings per share for the current fiscal year.

Coterra Energy Increases Dividend

The company 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. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. This represents a $0.84 annualized dividend and a yield of 3.10%. Coterra Energy’s dividend payout ratio is 39.25%.

Insider Buying and Selling at Coterra Energy

In other news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael D. Deshazer sold 14,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the sale, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The disclosure for this sale can be found here. 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.