Securian Asset Management Inc. Sells 16,151 Shares of Coterra Energy Inc. $CTRA

Securian Asset Management Inc. reduced its position in Coterra Energy Inc. (NYSE:CTRA) by 43.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,703 shares of the company’s stock after selling 16,151 shares during the quarter. Securian Asset Management Inc.’s holdings in Coterra Energy were worth $545,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Coterra Energy by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after purchasing an additional 398 shares in the last quarter. KLCM Advisors Inc. raised its stake in Coterra Energy by 4.2% in the third quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after purchasing an additional 400 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Coterra Energy by 2.8% in the third quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock valued at $363,000 after purchasing an additional 415 shares in the last quarter. Profund Advisors LLC raised its stake in Coterra Energy by 1.4% in the third quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock valued at $732,000 after purchasing an additional 418 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC raised its stake in Coterra Energy by 1.0% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock valued at $1,017,000 after purchasing an additional 429 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CTRA shares. Jefferies Financial Group raised their target price on shares of Coterra Energy from $28.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Citigroup raised their target price on shares of Coterra Energy from $32.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Barclays raised their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Capital One Financial raised their target price on shares of Coterra Energy from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Finally, Scotiabank raised their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.32.

Coterra Energy Trading Down 0.9%

CTRA stock opened at $32.25 on Friday. The company has a market capitalization of $24.49 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $36.88. The company’s 50 day moving average price is $33.26 and its two-hundred day moving average price is $29.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.28). The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Coterra Energy had a return on equity of 10.43% and a net margin of 22.46%. As a group, analysts predict that Coterra Energy Inc. will post 2.87 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. Coterra Energy’s dividend payout ratio (DPR) is 38.60%.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.