Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Axa S.A.

Axa S.A. boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 306.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,183 shares of the company’s stock after acquiring an additional 80,030 shares during the quarter. Axa S.A.’s holdings in Coterra Energy were worth $2,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Coterra Energy by 20.0% in the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock valued at $55,000 after buying an additional 356 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after purchasing an additional 389 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Coterra Energy by 3.8% during the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after purchasing an additional 413 shares during the last quarter. Blue Trust Inc. boosted its holdings in Coterra Energy by 5.8% during the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after buying an additional 420 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its position in shares of Coterra Energy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock valued at $2,543,000 after acquiring an additional 421 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 2.3 %

Coterra Energy stock opened at $23.12 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a fifty day moving average price of $26.36 and a two-hundred day moving average price of $26.35. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million during the quarter, compared to analyst estimates of $1.92 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, analysts forecast that Coterra Energy Inc. will post 1.54 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 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. Coterra Energy’s payout ratio is 51.16%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CTRA shares. UBS Group dropped their price target on Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Truist Financial boosted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday, January 13th. Johnson Rice upgraded shares of Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. The Goldman Sachs Group raised their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Raymond James reduced their price objective on Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $33.85.

Insider Activity

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

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.