Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc increased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,073 shares of the company’s stock after buying an additional 3,216 shares during the period. Richard P Slaughter Associates Inc’s holdings in Coterra Energy were worth $1,713,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank acquired a new stake in shares of Coterra Energy during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc grew its holdings in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of Coterra Energy in the 3rd quarter worth about $57,000. Tobam acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at about $63,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of CTRA opened at $28.89 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.17. The firm’s 50 day moving average price is $25.75 and its 200 day moving average price is $24.95. The firm has a market cap of $21.28 billion, a PE ratio of 17.40, a PEG ratio of 1.64 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, research analysts expect that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. Coterra Energy’s dividend payout ratio (DPR) is currently 50.60%.

Analysts Set New Price Targets

CTRA has been the subject of a number of research reports. Stephens lifted their price target on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays boosted their price target on Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group boosted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial increased their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.76.

Insiders Place Their Bets

In other news, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Company 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.