Coterra Energy Inc. (NYSE:CTRA) Stock Holdings Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 968,453 shares of the company’s stock after selling 15,797 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of Coterra Energy worth $24,715,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CTRA. SouthState Corp increased its stake in Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after purchasing an additional 454 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Coterra Energy during the 4th quarter valued at about $33,000. Tennessee Valley Asset Management Partners acquired a new stake in Coterra Energy during the fourth quarter worth about $33,000. VisionPoint Advisory Group LLC lifted its holdings in Coterra Energy by 133.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after acquiring an additional 740 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in Coterra Energy by 397.7% in the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock valued at $44,000 after acquiring an additional 1,392 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling

In other Coterra Energy news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the transaction, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the firm’s 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 owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CTRA shares. Morgan Stanley raised their price target on Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Stifel Nicolaus reduced their price target on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. Finally, Scotiabank upped 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. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.73.

Coterra Energy Price Performance

CTRA stock traded up $0.06 during trading hours on Friday, hitting $27.13. 5,008,401 shares of the stock traded hands, compared to its average volume of 5,667,099. Coterra Energy Inc. has a one year low of $22.91 and a one year high of $29.89. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $27.81 and a 200 day simple moving average of $26.36. The company has a market cap of $20.19 billion, a P/E ratio of 15.68 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. Equities analysts forecast that Coterra Energy Inc. will post 1.82 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Wednesday, May 15th. Coterra Energy’s dividend payout ratio is presently 48.55%.

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.