CreativeOne Wealth LLC Has $630,000 Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

CreativeOne Wealth LLC reduced its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,687 shares of the company’s stock after selling 13,144 shares during the quarter. CreativeOne Wealth LLC’s holdings in Coterra Energy were worth $630,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group increased its holdings in Coterra Energy by 21.7% during the 3rd quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company’s stock worth $194,422,000 after purchasing an additional 1,281,094 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Coterra Energy by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock valued at $267,089,000 after acquiring an additional 848,519 shares in the last quarter. AQR Capital Management LLC increased its position in Coterra Energy by 60.4% in the third quarter. AQR Capital Management LLC now owns 1,936,277 shares of the company’s stock worth $52,376,000 after buying an additional 729,306 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Coterra Energy by 47.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,247,785 shares of the company’s stock worth $60,803,000 after buying an additional 720,464 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Coterra Energy by 3.5% in the third quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company’s stock worth $431,329,000 after buying an additional 544,768 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Michael D. Deshazer sold 14,000 shares of the business’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 completion of the sale, the vice president now owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction dated 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 approximately $2,449,327.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the company’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 value of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRA has been the subject of a number of recent research reports. Piper Sandler raised their target price on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Susquehanna lifted their price target on Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. UBS Group lifted 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. Barclays assumed coverage on Coterra Energy in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 price target for the company. Finally, 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 report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $33.67.

Coterra Energy Trading Up 0.1 %

Shares of CTRA stock opened at $27.52 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $27.78 and a two-hundred day moving average price of $26.37. Coterra Energy Inc. has a 12-month low of $22.91 and a 12-month high of $29.89. The firm has a market cap of $20.48 billion, a P/E ratio of 15.89 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities analysts anticipate that Coterra Energy Inc. will post 1.82 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders 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 yield of 3.05%. The ex-dividend date of this dividend is Wednesday, May 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 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.